What You Can Do to Stop Economic Crime | Hanjo Seibert

What You Can Do to Stop Economic Crime | Hanjo Seibert | TED

Рет қаралды 37,219

17 күн бұрын

It might sound like the plot of a movie, but economic crime is all around us - from drug trafficking and fraud to cybercrimes, tax evasion and more. Economic crime fighter Hanjo Seibert breaks down the complexities of money laundering and how we can all wield our collective power to dismantle the underworld economy and turn off the money tap for criminals.
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• What You Can Do to Sto...
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Пікірлер: 68

@rsm014 15 күн бұрын

Why is there crime stoppers for small misdemeanor offenders, but not big businesses stealing millions?

@Betweoxwitegan 15 күн бұрын

Because it's cheaper and more economical to go after the little fish than the big fish, this effect is artificially induced by the capitalist class so they can exploit more and more whilst the state basically does their bidding, disproportionately exploiting the commoner and decreasing market competition. The IRA is underfunded, understaffed and it doesn't have many highly skilled forensic accountants and thus it's the proletariat class that they go after to garner tax revenue.

@jackmurphy4825 15 күн бұрын

Yeah exactly. Governments response to the last recession was essentially laundering billions in to the economy but that was fine. We only have to live with the implications of that...

@jackmurphy4825 15 күн бұрын

@0WhiteKnight0 read your first sentence a couple of more times until you realise it can't logically make sense. Little = small, big = large. Taking down one of the actual big fish siphoning of our system could have the type of impact to alleviate the housing crisis or world hunger. Small time timmy just congests an already congested system.

@Betweoxwitegan 15 күн бұрын

@@jackmurphy4825 I don't think you understand my point, for every big fish you take tax revenue from, you can take tax revenue from thousands of little fish which is more profitable than that one big fish. As I said previously there's a lack of skilled workers in the IRA that can actually garner tax revenue from the big fish without making an error that can be used as a defence, furthermore that evidently takes much longer as the tax code is complex and the wealthy use this to their advantage, hiring the best tax accountants and lawyers syphoned from the public sector. I'm not saying we shouldn't go after the ultra wealthy, I'm saying currently it's not economical to do so and thus it's not done to the degree desired. We should strive to change that and make the legal system more comprehensive, increase public funding and enact structural reform. America is quite different from the rest of the world, in other countries you don't even need to file taxes every year unless you're over a certain income bracket, the government does it for you.

@jackmurphy4825 15 күн бұрын

@@Betweoxwitegan it's designed that way because they make the rules. We ever want it to change, its not going to be through the system they designed to keep themselves on top.

@nerd26373 15 күн бұрын

Preventing economic crime is how I would've worded it. Nothing is physically stoppable in this world. Prevention may be slightly more realistic in terms of integrating it into contextual situations.

@homewall744 15 күн бұрын

There's no economic crime outside of government prohibiting free people doing free trades, thus creating those massive black markets that do serve them, but without legal recourse, without contracts, without taxation.

@ai8893 15 күн бұрын

No, im not giving up my privacy and letting the big banks and the government record every purchase and review my buying habits.

@nataliesalgado2202 13 күн бұрын

I have to do summaries of l interesting Ted Talks and I am fascinated by the most recent talks I LOVE TED☺️

@NickDrinksWater 14 күн бұрын

This was a very hydrating TED talk

@bxlis 15 күн бұрын

I like to pay cash. I like to use cash. It’s a privacy. I don’t want every detail of my spending monitored by the government because of money laundering . And no should care

@kepspark3362 15 күн бұрын

Why? Are you doing something that you don't want others to find? What about all the criminals who would extremely like this way of living to prevail? So they can keep doing what they want. How do you propose to stop them? Are you living in dictatorship that force their will absolutely on you? Or a democracy in which you get a say & freedom to change how the government is run or who makes decisions? Do you feel you enjoying your privacy is more important than all these stopping all these criminals? Do you think anyone would care in millions of humans what you do?

@carsonhunt4642 14 күн бұрын

That’s precisely why they hate cash, they want to know exactly all your spending habits. This video is hilarious they care about you spending $5 , but not about the 500 million we send to corrupt countries, or how our politicians beat the market and end up rich , etc. or how our gov devalues our dollar through inflation.. all of that?? Yea no biggie. The guy who made 600$ mowing lows tho?!?!? Audit time for the criminal !!😂

@ferramirez4570 15 күн бұрын

Great tutorial! 👌🏻👌🏻👌🏻

@GabrielMarques001 15 күн бұрын

Criminals don't need tutorials for such basic concepts. I worked with Sky in 2005, and back then NDS and Nagra were already explaining how content piracy was financing gun traffic, and Sky was putting it on informational ads. People wouldn't care less, and kept buying pirate pay per view boxes. Engineers used to say 'we must keep honest people honest, piracy buyers are a lost case'.

@r10ft. 5 күн бұрын

Good lecture

@steves5392 15 күн бұрын

I really don’t like the suggestion of using Cash as a payment method is ethically wrong, as “some” could be diverted for criminal activities.

@Ninja9JKD 15 күн бұрын

I agree. You really want big brother knowing all your transactions? Citizen Score tracking metric... Chase or Bank of America already give records of many innocent people to the FBI. The government is not your friend and you're a damn fool if you trust it.

@micro8106 6 күн бұрын

Thanks for your lesson, and it gives me to remind how to be a great consumer. There are numerous of the money are scatter all over the world. and some of the money could be earn by the worst constellation such as terrorist. We need to prevent our money deposit in their bank account.

@BEN_MONK 15 күн бұрын

VERY INFLUNCED AND SO USEFUL ON THE WAY OF AVOIDING TO HELP THE CORRUPTION AND THE TERRORISTS IN THEIR MONEY LAUNDERING 👍

@Lotterboy 15 күн бұрын

The example with the receipt doesn't make any sense. Businesses participating in ML would still claim, that x amount of purchases were made, while in reality it was x-y . Where y = the amount of money laundered. Receipts help prevent tax evasion - not ML, unless governments require each business to issue a receipt for each individual trx. In a mixed scenario, merchants still have all the wiggle room they need for ML.

@christaylor9095 15 күн бұрын

Dude works for banks and is worried about the lack of regulation of me paying cash for a hot dog?! O, the lulz 😂😂

@francesbernard2445 15 күн бұрын

See the Hollywood sitcom series, "The Golden Girls" episode -The Golden Girls exercise program to see how the character Dorothy foiled a suspicious looking supply chain well enough so far as she herself could make a difference when using her credit card.

@skilledinspeech9917 15 күн бұрын

So you want us to be snitches for the politicians?

@nilsp9426 4 күн бұрын

I am surprised he did not even mention crypto currencies.

@edh2246 9 күн бұрын

Cannabis businesses are all in cash in participating states because it’s still a federal offense.

@paulgainey4924 15 күн бұрын

Maybe we should make drug dependency aq disease instead of crime ... and billions spent on the criminal process finds its way into the health system

@spartan117ak 15 күн бұрын

it's easy, you go into a casino and slowly feed the machine thousands of dollars in bills, and cash out before playing anything. casinos are great for having no ethics at all, the perfect representation of our economic system working as designed

@spartan117ak 15 күн бұрын

that hardly even took me 9 minutes to type

@GabrielMarques001 15 күн бұрын

Casinos owners won't like it. The casino was made to hide traces from their millions no your hundreds 😂 And if you're not losing money, you're not the kind of client they want.

@ToeKneey0 15 күн бұрын

This is not how money laundering works sir. After you deposit the money and go to pull it out, just because it is different bills does not mean it is washed. If it’s more than 5k (some casinos it’s even less!!!) you will get a tax form from the casino and then you will have to give an ID and they take that information down and report it to the IRS on their end. Now come tax day, you have to report the money. and if it’s an obnoxious amount more than what your 9-5 salary then the IRS will ask where it is from. So tell me how easy it is. You haven’t a clue.

@ToeKneey0 15 күн бұрын

Don’t spread false information especially if you’re not educated on the topic.

@LIFE-nr1yg 14 күн бұрын

#1 problem in the world is poverty; poverty leads to crime. so stop telling us about what we need to do; how about the rich countries start sharing and stop exploiting. Greed started the worst economic crime of the century in 2008 onwards. How many rich corporations and/or politicians who knew about it are in trouble now compared to the millions of people affected? share the profits or will have to deal with poor people and crime all the time.

@rahmahussein2743 10 күн бұрын

TED needs to take this video down

@tielessin 15 күн бұрын

If my FBI agent is reading this: Please take me off the list. I'm just curious to know, I swear!

@pondholloworchards 15 күн бұрын

All they have to do is become a farmer is pretty lucrative

@mariaantoniettamontella9173 14 күн бұрын

applausi

@piku5637 15 күн бұрын

Normalize labour unions and worker co-ops. Workers make the world run, workers should run the world.🌏Ⓐ🏴

@dudeamongus 10 күн бұрын

Yes, use a digital currency to enable the Government tracking of everything you do, because they can be trusted. 😂

@piku5637 15 күн бұрын

UBI would go a long way to help DV and SA survívors and disabled people.🌸🏳️‍🌈🏳️‍⚧️

@snarkycharlies 15 күн бұрын

Don't buy art?

@mustafasabur 13 күн бұрын

Trivial info and a bunch of nothing

@piku5637 15 күн бұрын

lol KZfaq censored my last comment

@christaylor9095 15 күн бұрын

"UBI would go a long way to help..."?

@christaylor9095 15 күн бұрын

"Normalize labour unions..."?

@virgilcaine3291 15 күн бұрын

Ted is dead. 😂

@johnsamuelson3046 15 күн бұрын

what nonsense, its embarrassing.

@renderkid 10 күн бұрын

No charisma at all. Stopped at 5 min mark

@user-ew8xj5pg7y 15 күн бұрын

God loves you and takes care of you so that this message reaches you. God is the one who created this great universe and has complete control over it. And the greatest loss that a person loses in this life is that he lives while he does not know God who created him, knowing the Messenger of Muhammad, the last of the messengers, and the Islamic religion, the last of the heavenly religions. The great intelligence, before you believe in something or not, is to read it, study it, and understand it well, and then you have the choice to believe in it or not. I advise you on this now before you do not have time to do that.

@JackiePhillipsTheSocialPet 15 күн бұрын

Total crap