S'pore is an ideal location for money laundering

[batman1]

According to Josephine Teo, detecting money laundering is like trying to find not "one needle in a haystack, but one needle in several haystacks”. Well, why not put all these haystacks together, then proceed to search for that one needle? Perhaps she was told not to find that needle.

What she bull-shitting ? Money laundering is in millions or billions.With this type of calibre,no wonder money laundering escaped detection.555

 

[True Believer]

What she bull-shitting ? Money laundering is in millions or billions.With this type of calibre,no wonder money laundering escaped detection.555

Josephine Teo may have been under orders from "the higher ups" to look the other way as SG wants to attract ultra wealthy foreigners to open family offices here to park their wealth.

 

[crimsondue]

Nil

 

[True Believer]

Chinese businesses are rapidly expanding their brands in S'pore across food & beverage, fashion and technology sectors, driving out local businesses in the same way foreign PMETs are replacing true blue citizens at more and more workplaces. Major brands like BYD, Haidilao, Luckin Coffee and Mixue in F&B, alongside retailers like Anta and Pop Mart, are using S'pore as a regional (money laundering) hub. How long are our pro-business leaders going to continue closing both their eyes?