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> The money gets laundered through all kinds of channels into different tax havens. It might pass through Taiwan—'cause, you know, China can't touch it there an
by ValentineC 1y ago
> The money gets laundered through all kinds of channels into different tax havens. It might pass through Taiwan—'cause, you know, China can't touch it there and the money looks clean—and then it goes on to China or Singapore... basically, right into those bosses' pockets.
Singapore cracked down on a huge part of that: https://en.wikipedia.org/wiki/2023_Singapore_money_laundering_case https://en.wikipedia.org/wiki/2023_Singapore_money_launderin...
Funny how the banks let these money launderers go on with their activities for years, most likely because they paid the banks their share of fees and commissions.