Singapore's Billion-Dollar Money Laundering Case Explained
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- เผยแพร่เมื่อ 19 ส.ค. 2023
- Click here for more videos about Singapore: • Slice of Singapore
Embark on a riveting journey as Singapore unveils the dark side of global finance through the dramatic takedown of a billion-dollar money laundering syndicate. Join us as we witness the startling revelations surrounding the arrest of 10 foreign nationals, and the deceit and crimes behind their opulent lifestyles.
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😅
The fact that these guys who have been operating in multiple jurisdictions were caught in Singapore, not in any other country they were operating from, shows that it is DIFFICULT, not EASY, to launder money through Singapore. Singapore is a major financial centre, so it is natural that criminals will want to make use of its banking and financial capabilities to launder money in Singapore. However, what they do not know is that Singapore has a very strong ability to enforce its rule of law.
Some people spoke about 1MDB, but again, 1MDB happened in multiple jurisdictions. But Singapore is the first country to have jailed bankers related to the 1MDB incident and the only country so far to have revoked the license of 2 banks and forced their closure as a result of their involvement in 1MDB. Neither the Swiss, Malaysians or Americans, whose banks have been used by Jho Low have shut down any banks related to the incident.
Perhaps our Singapore govt would have turned a blind eye if not pressured by China to arrest them? After all, they were contributing to our economy.
@@Joo-vw9kb Yes china doesnt want money flow out of the country, i dont believe sg govt dont know abt it sooner
There were a lot of obvious money laundering scheme going on with Chinese foreigners buying properties in Singapore, but God forbid, we can't talk about any people from China.
@@Joo-vw9kb why would you even infer that the Singapore government would be under pressure by any external forces to uphold what is righteous? We are an independent country that upholds law and order to protect the citizens and the nations honourable reputation. Please do not insult our country or its systems by insinuating otherwise.
@@Joo-vw9kb Yup you are aboslutely right, also why did you think they chose Singapore? Because it is difficult ? lol
My chinese friends tell me there are 5 banks in singapore. DBS, UOB, OCBC, MBS & RWS 😂
Had to google this to understand the joke 🤣🤣🤣
LKY very well knew this. Dig deeper and most will be appalled. Gloss never always matches up.😅
@@mr.g702 i think this is where they wash it. Not sure why these guys were busted.. it seems to be legit to launder. Maybe they didnt fill up the forms.. lol rom.mlaw.gov.sg/information-for-borrowers/list%20of%20exempt%20moneylenders/
TMS not included? 😂
@@egisantoso949TMS is the largest one
Tip of the iceberg 😅
Couldn't agree more😂😂😂
There are many tips
The world is run by gangsters, for gangsters…
they are governments and bankers !
You are fool if you think our world govern by angelic people, this is physical realm is evil paradise
Wealthy people don't get that way by being nice. But considering that remark about the physical realm, they don't get to keep it when they die. 😂 😢 🎉
@@phil20_20 yes my friend, they know its temporary, its better to just create destruction while you had the opportunity, let the fool be fool, you will wasting your entire lifetime just to convince the fool
You are absolutely right.
Good to tell the world about this incident. I'm Singaporean, born and raised on this island. and I'm Chinese by race. There is obviously more than it meets the eye. so did the Singapore police found the money laundering themselves ? or is it through an oversea informant/entity ? Currently, it is not very clear to me. I wouldn't be very confident the Singapore police knows everything. I'm a Singaporean. I don't sing praises of Singapore politicans like they are gods. I mean they were humans in past era represented Singapore as leaders, but they are gone now. and things can downhill or right or maintain. No one really knows what the future is like. There is something strange going on in China. They absolutely do not know they have extreme Capitalism. In a regime that is supposed to be Communist. That is fundamental crash of extremes. 'Who dares Wins' is western soldiers' motto. Precisely it can be the motto of any criminal too. They dare to commit crimes ! I do not believe the Singapore government is able to keep the shady problems in check. In a weaker government, politicians would've been bought with ease. As has happened in various other countries. I've lesser confident that Malaysian gov and Indonesian gov are able to stay clean of bribery. At the very top, China is a threatening giant gov, which have in its psychology, a history of using deception and brutal tactics, as the recent news show they sacrificed its own people in the massive floods. While some people in the Capital and major cities are living that proud China dream, like oblivious what is happening in other parts of their country. It could even be that certain elements in the CCP is involved in illegal activities and needed the money laundering routes to get money out of China. There are possibly several factions and syndicates involved, including richies groups, political groups, and out and out criminal groups. and as can see in this case Cambodia is involved. We have seen the Casinos in Cambodia was coming out news of internet crimes, involving trapping young men in Cambodia and forcing them to do Internet scamming. Some died in Cambodia and Myanmar. It is very clear Cambodia is dangerous despite its leader trying to copy Lee Kuan Yew, like they read his books. There is an influx of Chinese immigrants in Singapore due to pressure in China. Some to keep their wealth from the ccp and some for some other reasons. They do not have gratitude to Singapore. They love China more. This is the same for Chinese from 100 years ago in Singapore. They love China more, and that is a fact. People don't change overnight, but they got to realise the circumstances why they have to get out of China. Certain elements carries risk especially those overt CCP supporters. I'd send them back to China immediately. Countries of the world need to do the same.
U are completely brain washed by Usa fake news media and u need to be re-educated by first reading less from usa mainstream news media
Now u know why the CoE prices dont go down
Are we going to talk about 3 AC and Luna who funneled illegal money through Singapore by the billions? How much did Tamasek lose on FTX when Sam stole funds? All through crypto friendly Singapore who still refuses to acknowledge crypto criminals are still happily living in the small island
I was just going to mention this too.
If we were to do a video on the crypto scene in Singapore, would anyone be keen?
@@worldknowmore yes please.
No offense but I hope when you say crypto friendly Singapore, you are not insinuating all S'poreans are automatically involved in this crypto gimmicking crap.
Even if a no.of citizens could have been involved here, it's all due to the hearsay scams, even the ones you can see on youtube video ads on here which can easily manipulate the unsuspecting/inexperienced investors into this crypto scam-world.
Unfortunate though I wonder what's really going behind the scenes in this country these days, the fact that I have even seen MRT train ads with US-helmed crypto companies being advertised on the train doors, truly a bizarre sight why this country has become so pro-America in recent times, but I'm just not one of them, especially in recent yrs.
Maybe I have certain issues with a lot of their media and stuff relating to their hedgemony politics, but crypto could also be rampant in other parts of the world that has been in news coverage. But the true origin of crypto is far from here, even if I sadly hate to admit that this country is being used as a medium for such dubious investments especially when there's prior warnings before to being cautious in dealing with them after the spate of controversies surrounding that investment platform.
We’ll do it if there is enough likes 😉
it's no secret at all corruption money from developing countries get laundered in Singapore.
SGP has been a safe heaven for money laundering for the longest time!
I think thats what the $10,000 sg/brunei bill is for
@@LuLong-kk8gmexplain more
Including of the Indonesian corruption‘s money
@@Venlo731...Indon money was LKY time...LHL time is CCP!😆😆😆😆
$1,000 and $1,000 is not longer in circulation since Jan 2021.@@LuLong-kk8gm
In the country, the crime is detected at the very early stage. It is allowed to grow and advance, until an appropriate moment... There is no escape. So everyone is welcome to the country, bring your intelligence and cash, welcome welcome, bring your friends. Welcome.
Thank to those who had donate all their monies to Singapore to help out our pandemic expenditure!
May i know will those Singaporeans been scammed be pay back or government will keep all the discovered funds?😮
Please have some sympathy. It's 1 billion not 1 million guys. Great huge money 💰 🤑
Gov will keep the laundering funds.
@@ngcheekhee8223 😄😆😆🤣🤣🤣🤣.
The Fujian gang also has similar schemes in Sydney and was recently exposed. The gang likely operated in other parts of the world, but only Australia and Singapore caught them. Elsewhere, the regulators are either sleeping or incompetent.
It is funny these Fujian guys dare not to do inside China but outside of China. Are these Fujian guys in fact Taiwanese?
They are notorious and member of the TRIADS.
I totally agree with you. Just because Singapore arrested and reported on this group of criminals, we are a money laundering haven. Doesn't mean that other countries are clear of money laundering! These countries are just too incompetent in uncovering these activities and let money laundering fester in the dark.
Not sleeping or...... Actually they know everything. The gangs stuff their mouths with dollars.
@@franciskueh4141 So true
@@franciskueh4141💯
Housing prices nothing to do with them , don't blame them , its hdb and pap profiteering nothing to do with money laundering , after their arrest will hdb housing properties prices dropped ?
U can always migrate to Malaysia. Make sure u potomged clean clean 1st
jackson you are clueless. These ML since not citizen can only purchase private condos or specific landed properties. Their actions will not impact HDB housing.
@@wf645 some more got to pay extremely high stamp duty lei. How many percent?
They won't buy HDB for sure.
@@vister6757 then why complain
Remember,
*"10% goes to The **#BiG_GUY** ❕️💲❕️"*
This sounds more like a south African story with the ruling party leadership involved in the crimes
Actually I wonder how much money came from China's wealthy to Singapore to circumvent China's capital/currency controls. And how much of it flowed through Singapore because the government keeps one or both eyes shut.
Ang mohs do all the time so now u complain because chinamen can do better than ang mohs. Saaaaaad
@@timloo6191Nobody's complaining. Just that if the Chinese think that Singapore is siding with them, they'll get a very nasty surprise.
@@fba90130 and singapore Malays siding sing.......u too would be in for a nasty surprise. Karma is truly b man. Mahathir still going strong lei
@@timloo6191Woof warrior play dead.
@@fba90130 don't worry soon joined by many hulubalangs from the north. So many incidents. Heard of nfc scandal. Something to do with cows
What are they going to do with massive piles of S$1000 bills use for money laundry? Donate to Charity or burn it? What about S$10000 bills?
10K bills had not been issued since 2014. the highest denomination is 1K. For them to put huge amounts in banks will raise more alarm
As usual fire can do the job
Its about time to come real hard on these people...no quarter given...jail them
I am no economist or some political expert. There is a group so they that might have taken turns, so maybe they stayed below red flags usually set by govt. Also, one shd never forget, Singapore is full of filthy rich from all over the world. it is not easy to catch such transactions or syndicate..
You can't charged them if they operates within the law.
Definitely, thats why a group was operating and handling transactions in such a way that they are always below radar.
It is business model used by many Business families in India as our tax system allows to Tax number to under family act to have business entity as family and then also hold one as individuals
Gov monitor money flow in the bank so it is easy
SG law enforcement should impose no less than capital punishment to money laundering syndicates and scammers. No mercy and no second chance.
So what do you suggesr? Firing squad? Then raid their homes in overseas?😂
They cannot. Because the government themselves legalize money laundering to keep the country attactive.
Why not death penalty for pickpockets, jaywalkers and litterbugs as well? Will it be enough to satisfy your desires?
Naive...
Simple.. seize all the ill gotten assets n properties. Full stop. This is a signal to like minded people or people waiting to be discovered that this is sg
Wondering if owners of GCB's are involved 🤔🤔
The question is, will they be checked for conflicting interests’?
I am so proud of Singapore Government and the Police Force. Thank you God for great leaders.
Thank you for the contribution to our National’s wealth 🤓
And the non Majority chinese country will be pissed & jealousy. just my guess🤔😆
@@alanlim7068 🤣🤣🤣🤣 love your sense of humoUr
It is hard to imagine Singapore authorities are not aware of this questionable operation, the key is whether the related institutions like banks are willing to give up a juicy “$” pie
It is obvious these illegal activities by foreign nationals has been going on for quite sometime now.
And these activities could not have gone unoticed either and inconceivable that some Singaporeans are not involved.
My question is, why did it take so long to act and are some who are involved going to go scot free?
This is a smart move of Singapore authority, they want to get rip of them once and for all, if catch one by one before getting the proof to arrested all is useless, it will alert other before able to catch them.
@@shadowj3311 this is only one, a syndicate. There are many.
The Chinese authority is tracking them. I believe strongly that it was the Chinese authority who provide their Singapore authority the information because Singapore cannot afford to let the Chinese in to upstage Singapore.
@@joeawk you expect they are God? able to take down one team is good enough and how you know they will not going after others? Is always easy to criticise then do.
Is not easy to track this people and their activities. Thanks god this one bites the dust. Hopefully more will be napped. I believe their main base is in Cambodia, where the masterminds are residing. The only way to eradicate this parasites is for the Cambodian Authorities to close their operations in there.
Do not spread conspiracy theory. This is not a hollywood movie catching the criminal within the 2 hr show. It takes extensive time and effort to monitor, track, surveillance and seeking info from other agencies. The good thing is that it (arrest) happened and the raid was successful in napping so many culprits. Can other countries boast the same efficiency? or they just led the criminals run free?
Is greedy taxation profiteering for self gain legalised money laundering ?
Perhaps its time Biden and mighty powerful usa take lead in imposing universal windfalls on all filthy rich around the world. Starting with Donald trump and republicans
If its so easy, why were they caught? Its a one billion dollar windfall for SG
The syndicate likely thought it was easy but of course the law has caught up to them. They’ll probably cursing at themselves right now 🫢
@@worldknowmoreno really. Sgp is famous to allow ML, under the table. Unfortunately, WangYi came with instructions n deals
@@worldknowmore " the law " catch them only when it feels like it 😆😆😂😂
It's like Little China and Vienna East at the same time. 😮😅
You do not know what you do not know and what you know may not be what exists
If you knows more or too much you could ceased to exist - rules of the gangsters
Singapore is awash with dirty money. Not complaining tho. Keep 'em comin!
Housing price already driven up by them.. we know who benefited if prices stay high.. sg literally invited them
Errr how do they drive up housing when they are only buy condo and landed property ? their actions does not impact the average locals ... duh
Right.
The sheer number of money launderers directly and via proxies 'cleaning' their money in Singapore is terrifying.
@@maxyogiSingapore's case is small compared to 10X for the Australian Money laundering case that just got busted
@wf645 Many locals also wanna own condo too duh. Those criminals are buying in bulk at any price.
@@sssteel99 err there's about 28 property launch in 2023 to 2024 with total estimate of 11k units. the 100 property that these guys are buying at most constitute 1% of the 11k units ... hardly a dent duh ...
It like stock market chasing up prices. Those who follow the flow late will get burnt badly.
Singapore is known as the Switzerland of Asia because of their banking secrecy laws. That makes it attractive for anyone to stash their assets there, no matter how it was attained. Just like Switzerland.
London is the laundromat for dirty Russian money. Singapore is a laundromat more than 10x the size
Even Switzerland has its way of getting things done now, not that flexible like it used to..
Are you sure? If Sg banking can keep everyone secret, my question to you is why those China investors have been arrested? Don’t you find you have logic conflict here right?
@@protonhew7490 this arrest is apparently a domino effect from a similar arrest made by Australian Federal Police in Sydney 6 months back. Mainlanders have their laundromat franchises setup all over the world
No, your information is outdated. SPF has those evidences ready to set a trial, just wait AFP for a confirmation. Anyway, you are trying to say China people like to challenge other countries constitution and regulations. Is the actual fact you are trying to say?
Don’t worry about your comment will make them angry, I bet they never understand what are we commenting about. But I just want to listen your answer
10 foreigners, 105 homes, 50 cars. No wonder property prices are through the roof. I wonder how many more individuals like them are buying up everything here making it almost impossible for regular young Singaporeans to afford housing without the help of their parents. One could make the argument they only buy private properties, however it has a downstream effect as with everything else. Just think about it, this 10 own how many of the 2800 GCBs in the whole of singapore. Future hardworking Singaporeans can only dream of ever owning private property let alone landed property. These will eventually be only exclusive to wealthy foreigners.
Besides this Multi Billion case, is there many many other multi million dollar cases that have been overlooked?
The few companies from China I work for in Singapore are all doing money laundering but still not caught yet
Perhaps our Singapore govt would have turned a blind eye if not pressured by China to arrest them? After all, they were contributing to our economy.
😮Singapore is now a safe heaven for the rich & famous. ! Switzerland is no more.
Putin might've shaken the world's money down to SEA 🤣
We welcome the Singaporean police to our beloved continent Africa!
I can only do my laundry at home. No wonder i am so poor
Thats only the tip of the iceberg
The singapore government probably knew about this for a while, they were just waiting for the pot to be big enough so it could help itself to the money 😂
Finally!
Im Not surprised,been happening for decades,ie more recently the Malaysia 1MDB and before this Billions of Dollars was quietly drawn from Indonesia and put in Singapore and yet LKY and his successor makes don't
Some ppl hv been closing an eye or both for quite sometime now
Without crime money laundry 🇸🇬 not like today
Not just Singapore. All financial centers.
AML is for the small men, just for show. The money launderers are the bankers themselves.
These Chinese are involved in everything that makes money.
They have a lot of money but much as they flaunt their wealth, they are not sophisticated.
An alert authority should easily identify them.
Unfortunately, this case may be exposed by the Chinese authorities which tip off their Singapore counterparts.
Not sophisticated? They run a global enterprise raking in billions. How many times have you heard of them getting caught? What are you doing in life that is more sophisticated? Pray tell. 😂
"The police had identified them through extensive investigations, including the analysis of suspicious transaction reports (STRs) made by financial institutions about suspicious activity."
@@space4495 people say China tipped Singapore off when Wang Yi visited just a week or so before the raid.
@@k.k.c8670
"In a statement on Wednesday, the Monetary Authority of Singapore (MAS) said that intelligence and information from suspicious transaction reports filed by financial institutions had earlier alerted the police to suspicious activities through Singapore's financial system.
The red flags included suspicious fund flows, dubious documentation of source of wealth or funds, and inconsistencies or evasiveness in information provided, said MAS."
@@space4495
Singapore Police acts on reports.
ML is everywhere and will never stop. These people will always be back again and again cause of greed. Be glad that they got caught the amount of lives they ruin because of their actions is unknown.
Its funny how Switzerland played by the rules and has to resign is banking secrecy but other nations just got worse. What was then point? Politics.... and how it looks.
Is this considered a small or big fish in this context? sometimes a primary school child talks louder than a graduate,right?
What goes around comes around
U guys really think Singapore police force did this alone? There are involvement with interpol and other international intelligence. Without these external pressure they could have got away here and live like a king.
Clickbait warning. There's nothing more than what's being reported in this video.
Only 10 years for 1 billion,...and usually it doesn't go up that much if criminals conoperate... So isit worth the risk...? Big question ❓
Thank you God 🙏
The presence of text-to-speech makes this seem like more low quality than it should (like it could have been generated by ChatGPT and narrated by TTS). I see that the channel is at least engaging with the comments so I know it’s not a content farm, good job.
Thank you :) Just to drive home the point that we are indeed engaging our viewers, do remember to subscribe if you haven’t. Please feel free to also buy us a coffee or two because it’s tough life being content creators (cheers!): www.buymeacoffee.com/worldknowmore
What's TTS?
@@lilili101Text To Speech
Totally agree, easy money flow to Singapore. Money game
I wish my country is as diligent as Singapore. It was obvious this is on going in my country but no action is taken.
Most China companies are laundering money here. I worked for two of them and only found out after I left. 😅
What are you talking about?
Almost every companies in the world do it one way or another just to circumvent the host nations' law. That is why they employed accountants and pay them well. To fix up the account and money flows into the other accounts e.g. stock exchanges. Why do you think Dow Jone, NASDAQ, NYSE, etc are busting with activities when US economies are faltering.
@@mythbusterthe6749 Just mention China companies and you start to jump up? You just hv to admit that China companies are playing this game well. No need to point your finger at others so that everything that these companies did becomes normalised.
Chinese again
Proud of Singapore law enforcement. In Indonesia authorities often can be bribed easily. Bravo Singapore!
Just the tip of the iceberg that is made public
Notice , No Regulated / Licensed Industry Professionals Involved .. ie. Bankers , Lawyers , Pty Agents etc 😂😂😂
investigations are still ongoing & widening. 60 property agents have already been called in for questioning. please get updated
If PAP has nothing to Hide, then provide Whistleblower Legislation ( Protection, Rewards etc ) & Watch more Heads Roll …ironically, PAP passed many Laws that make it Easy to Explain things away & Difficult To Dig… ie. Cyber , PDPA , POFMA etc … Hilarious 😂🎉😂
It is rampant and will continue to be. This is just a token show of "transparency and honesty". These clowns love when crooks from the region launder huge sacks of money in our real estate.
It is a token show for sure.
The latest news is that the police did not seized the GCBs because the crooks did not owned them but were lessees. So, i believe those properties returned to the owners. But who are the owners because it's very strange. Why? Because for gambling, porn and money laundering case the properties are automatically seized by law regardless of whetherr the criminals owned it or not. This is a fact. The law says "shall be seized" and not "may be seized". So, who are the owners of these GCBs? Any minister or top civil servant? For laughing out loud even illegal hawkers have their vehicles seized by NEA even though they are only hirers. So, why the special privilege of letting the GCBs go?
CORRECTION - i have made an erroneous claim in comment above that anti- money laundering law involves mandatory seizure which is not correct.
Anti-laundering act does not provide fot compulsory seizure of assets. The court has discretion whether to seize the assets or not AFTER conviction is secured and that they have been proven to have been bought from the illegal money. However, the mistake regarding using the word seizure in the news report still stands. What the police and media report should say is that the assets were confiscated not seized. Seizure is determined by the court after conviction.
So if a criminal rents an HDB flat and sets up a meth lab in there, the authorities must then seize the flat forever when they bust the lab?
@@johnyossarian9059 That is correct. Since HDB flats belong to HDB ( we are only 99 year long term tenants paying tenancy in advance) HDB will retake back those flats in which those seizable relevant crimes were committed.
what is your point in bringing in ministers or top civil servant? you mean every crime in Singapore involve ministers and top civil servant?. At least, in Singapore, if any minister or top civil servant are involved they will be brought to justice. Do not speculate unnecessary conspiracy theories. So if no minister or top civil servant are caught in any other country, that country is "clean" and corrupt free? It is the ability to catch the criminals that is more important than the crime itself.
ML doesn’t always comes from illegal businesses. It can be for tax evasions by legal businesses. Ofc there’s the legal way of doing this.
@@marktn9851 Money laudering is defined as money that is received not from legal sources of business that is being put into the legal system of money circulation (M1 in economic definition of money). All money that are earned is subject to income tax but money that hss evaded tax evasion is not considered as money laundering if the source of income is not from illegal activities such as gambling , drug trafficking, etc. In fact, for some cases payment for income tax is one of the ways dirty money is being made clean (laundered) by criminals. What they do is open some retail outlets and record money received from bookmaking and other illegal sources as cash sales in the records and then pay the tax at year end. That is why sometimes you see a retail chain in which its outlets are always empty with no customers but it continues in operation.
Who is the bigger criminal here? The host country that attracts criminals with welcomes red carpets 😂
You can fool most of the people, most of the time, but you can't fool all of the people all of the time. Abe Lincoln
These guys never heard of the Philippines?
Tell me what's going on there.
🎉❤ welcome to real world of gangsterism with smart people 🎉❤
Still don’t know how it came to today. Still not one knows? How it come to today.
1mdb money is laundered in Singapore
Many malaysian football and money game kingpin launder money in Sg .
This is why Najib in the jail isn’t it? You all should thank Sg bring up this scandal because they know all the busters included Najib involve money laundering in Singapore.
Shameful
A 4 storey bungalow? no such thing
why not, my fren living in a 5 storey landed
How many already got away...or still happily earning...
You didn't mention rich non residents buying up property, thus raising prices on everything, thus forcing the locals out or homelessness.
Let us look into this, but no promises!
After arrest will hdb property prices drop back to normal ? Definitely not , it's an excuse to blame money laundering caused property price increase , property prices increase is due to freed and profiteering NOT due to money laundering . Hdb price increases for many decades even way before and without money laundering .
Dont hate. Youre just jealous and foul.
@juanpablo-hz3dq You do not have a clue what you are talkoing about ! most locals buy government housing which is limited to Citizens or PR(with local spouse) only. Rich non PR are limited to certain class of properties like private condos or specific landed properties which easily cost 2M and above. Thus, the actions by these few individuals does not impact the average locals....
I see, is homelessness widespread in Singapore?
Crime had become part of polite society.
always has been
If laundering money in Singapore was so easy, these guys will never get caught.
Money laundering and Singapore are synonymous.
What about our transport minister ? any update yet ?
Your video is way more informative than CNA which always report nothing….
Thank you so much for the compliment. We are heartened to hear this and it adds to our motivation to continue to produce meaningful content :)
@@worldknowmore dont know why I get emotional😆😆😂😂😂😂
just the tip of the iceberg....but sadly the iceberg is not cracking or cooling down...PERIOD!
This is the inconvenient truth to 3 generations of Stepford families.
How bank detects AML
now its part of the govt money haha and govt will resell their properties to make EVEN more money ! the winner is SG govt haha
Don't single out Singapore.
Every major cities in the world apart from China today. Even Hong Kong in the SAR is not spared. The financial institution survived on MONEY LAUNDERING and their methods are gettting more and more sophisticated.
IMO MAS of Singapore has done a great job and should hailed for their work.
Remember how HSBS was forced not to relaese important documents that can proved Huawei's Meng WenZhou NOT guilty. Even UK court coercive in this case. That was until Hong Kong directed HSBC to released the powerpoint documents.
So how did USA do it? Threatened HSBC. Simple. It seemed they have proof that HSBC was doing MONEY LAUNDERING and all these while US DoJ closed an eye. 🤔
Thinking is dam easy but doing the hard work is not easy-going be mindful enough before you say anything
What happened to the money?
Did it go back to them?
Sg thinks Chinese earning 3k rmb a month can suddenly buy 33 condos is clean cos they enter clean in sg.
Not happy ah
You don't need to go to Universities to be rich.
Online gambling. Football betting and 4D and toto
Singapore is a business city
Criminal Justice
The name says it all 😁😁
crazy rich asians pt2
All these people caught originated from Fujian, China.
They are all Chinese from China.
Some of them have taken up other nationalities from Cambodia etc
Singapore is indeed remarkable. The arrest of the 10 suspects demostrates the unwavering efforts to stamp out the international money laundry syndicate. Singapore aspires to be the world largest financial Centre in Asia.
after 7 years.. authorities were sleeping or complicit
Hahah naive mate..
Please don't be Naive lah. Aspiring to be largest financial centre and catch money laundering 😂😂😂
@@aloysius8005 & keep it ? 😂😂😂😂😂😂
@smonyboy really? As if you can do any better...
All the Ah Tiong syndicate that consider Foreign talents
I wonder how can I start a billion money laundering business….😀
Easy to spot actually, these crooks live in expensive houses and cars. That's the lead. 😂
They picked a wrong place to venture - they should have come to Malaysia, where almost everybody necessary, can be bought! Never wonder why the tag "Malaysia Boleh"?
A few members are in Malaysia.
Only A FEW??? 😮
lol maybe add a caption to indicate that those are not the real person and are stock photo/video
a mixture of real person and stock photo/video might make pp think that person are the real person you are talking about
Why not use washing machines to laundry dirty money???
The singapoe is the big washing machine 😂
What a great and clever idea, I like that better than sending money offshore or to Switzerland.@@egisantoso949
Water expensive