At least S$2.8 billion in monies and assets was seized in one of the world’s largest money laundering cases uncovered in Singapore. How do some criminals clean their criminal proceeds, and why do they choose to do so in Singapore? And what happens to the assets seized? Host Steven Chia delves into the dark world of money laundering to find out what exactly it involves, and how does it really affect you?
WATCH MORE Talking Point
00:00 Money laundering cases in Singapore
02:06 How criminal money can be “cleaned”
05:05 Economic impact of money laundering
08:35 Are anti-money laundering checks strictly followed?
11:34 Using technology to catch potential money launderers
15:53 Where do seized assets and goods end up?
About the show:
Talking Point investigates a current issue or event, offering different perspectives to local stories and revealing how it all affects you.
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Viet nam is a paradise for money laundry last 40 years . from comrades officials ( corrupt $$$$ and $$$$$ steal lands ) to the US , Canada , Australia , EU ( to their family members lived aboards ) BILLIONS BILLIONS a year
scammers can be rich, own expensive things and drink expensive wine, but they’re still just pieces of trash cheating their way through their meaningless life.
How so many chinese get rich in singapore???
Dirty money is normal for chinese
Definitely not a victimless crime, besides the room for corruption, there are the victims that now have big housing cost increases due to money laundering changing the housing market *likely not to benefit those facing poverty or low incomes. Laundering has easily contributed to the increases in housing costs and making it more difficult for average people to be able to afford costs of living.
And then what? The money is confiscated, and the politician get beautiful popularity and the they also open overseas bank account
as someone from a country with high tax how would i proceed to test this out in Singapore hahah
As for me it’s obvious all these nonsense are use to freeze my account.
Put it flat to you……
If at 72 yrs old…..every few years ask him the source of fund then sure a few years more you can confiscate his money BECAUSE AT SUCH AGE MEMORY WILL SUFFER LOST AND SO SOME DAY ALL HIS MONEY WILL BECOME “ILLEGAL”.
Also freeze all account means you can talk he no talk because no money to hire lawyer!!
So stop those advertisements and look at what’s really going on.
As for me……all these freeze my account is unacceptable no matter how you advertise it as (if you have questions, ask me then don’t wait till 20 yrs or so later when l am 72 or 86 then ask all kind of nonsense). People SHOULD TRUST BANK LESS….KEEP YOUR CASH!!!!!
Dirty money???
At 72 then investigate into “my source of fund”.
Suddenly account frozen….then ask me my source of fund…..
Seem use….YOU ARE GUILTY UNLESS PROVEN INNOCENT…..
LUCKY I STILL HEALTY IF NOT SUDDENLY IF LOSS EVERTHING AS ASSUME TO BE GUILTY UNLESS PROVEN INNOCENT.
Actually get it from inheritance but do they even keep the copy of the probate…..30 to 40 years ago.!!!
TO ME ,I THEY SUDDENLY CAN FROZEN MY ACCOUNT SUDDENLY…..
WITH NO EVIDENCE!!!
JUST AT 72….DON’T SUDDENLY UNDERSTAND WHAT JUSTICE AND REASON IS!!!!
RULE OF LAW????