If you enjoyed this video, do like, subscribe and buy us a coffee (we promise we won't launder it away!): bmc.link/worldknowmore Watch this video to find out more about the arrest of Singapore's Cabinet Minister for a corruption probe: kzfaq.info/get/bejne/ndRmd9CBnOC7iGQ.html

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.

My chinese friends tell me there are 5 banks in singapore. DBS, UOB, OCBC, MBS & RWS 😂

The world is run by gangsters, for gangsters…

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.

Tip of the iceberg 😅

SGP has been a safe heaven for money laundering for the longest time!

it's no secret at all corruption money from developing countries get laundered in Singapore.

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 ?

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

Remember, *"10% goes to The **#BiG_GUY** ❕️💲❕️"*

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.

Now u know why the CoE prices dont go down

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..

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.

This sounds more like a south African story with the ruling party leadership involved in the crimes

May i know will those Singaporeans been scammed be pay back or government will keep all the discovered funds?😮

It's like Little China and Vienna East at the same time. 😮😅

Thank to those who had donate all their monies to Singapore to help out our pandemic expenditure!

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.

Is greedy taxation profiteering for self gain legalised money laundering ?

Wondering if owners of GCB's are involved 🤔🤔

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?

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

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 😂

It like stock market chasing up prices. Those who follow the flow late will get burnt badly.

I am so proud of Singapore Government and the Police Force. Thank you God for great leaders.

You do not know what you do not know and what you know may not be what exists

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.

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.

SG law enforcement should impose no less than capital punishment to money laundering syndicates and scammers. No mercy and no second chance.

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?

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

Clickbait warning. There's nothing more than what's being reported in this video.

If its so easy, why were they caught? Its a one billion dollar windfall for SG

I can only do my laundry at home. No wonder i am so poor

Most China companies are laundering money here. I worked for two of them and only found out after I left. 😅

We welcome the Singaporean police to our beloved continent Africa!

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

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.

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.

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?

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.

Singapore is awash with dirty money. Not complaining tho. Keep 'em comin!

Thank you for the contribution to our National’s wealth 🤓

Thank you God 🙏

Chinese again

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

Is this considered a small or big fish in this context? sometimes a primary school child talks louder than a graduate,right?

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.

The few companies from China I work for in Singapore are all doing money laundering but still not caught yet

Its about time to come real hard on these people...no quarter given...jail them

Who is the bigger criminal here? The host country that attracts criminals with welcomes red carpets 😂

Without crime money laundry 🇸🇬 not like today

Housing price already driven up by them.. we know who benefited if prices stay high.. sg literally invited them

😮Singapore is now a safe heaven for the rich & famous. ! Switzerland is no more.

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 ❓

These guys never heard of the Philippines?

If laundering money in Singapore was so easy, these guys will never get caught.

Sg thinks Chinese earning 3k rmb a month can suddenly buy 33 condos is clean cos they enter clean in sg.

Thats only the tip of the iceberg

Finally!

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.

I wish my country is as diligent as Singapore. It was obvious this is on going in my country but no action is taken.

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.

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. 🤔

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

Proud of Singapore law enforcement. In Indonesia authorities often can be bribed easily. Bravo Singapore!

Totally agree, easy money flow to Singapore. Money game

Still don’t know how it came to today. Still not one knows? How it come to today.

A 4 storey bungalow? no such thing

Shameful

🎉❤ welcome to real world of gangsterism with smart people 🎉❤

How bank detects AML

Crime had become part of polite society.

Easy to spot actually, these crooks live in expensive houses and cars. That's the lead. 😂

What goes around comes around

You didn't mention rich non residents buying up property, thus raising prices on everything, thus forcing the locals out or homelessness.

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

Notice , No Regulated / Licensed Industry Professionals Involved .. ie. Bankers , Lawyers , Pty Agents etc 😂😂😂

crazy rich asians pt2

Cleanse up billion dollars whales, SG is a centre for big money players, you just google all big chinese Tech headquarters are parked in singapore, our property market spinned up, the local cannot afford to buy.

just the tip of the iceberg....but sadly the iceberg is not cracking or cooling down...PERIOD!

Those arrested were Chinese born in China. All of them have Chinese names. The majority of them are holders of China passports while the rest bought their nationalities from Cyprus etc.

How many already got away...or still happily earning...

Singapore is a business city

I wonder how can I start a billion money laundering business….😀

😅 those few goondo must have regret to come Singapore to do laundry 😂..

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?

1mdb money is laundered in Singapore

Why not use washing machines to laundry dirty money???

Well sg gov profited from this syndicate.. The money from around the world park there..

Online gambling. Football betting and 4D and toto

This is the inconvenient truth to 3 generations of Stepford families.

Only nobody money launderers are napped. Famous ones are never targeted 😂

If only Malaysia can do the same. But then I’m sure it’s economy would entirely collapse.

Good job singapore. But its worth it, 1 billion for 10 years prison.

Just the tip of the iceberg that is made public