It is somewhat ironic that all these money laundering & counter-terrorism regulations imposed from the great US of A force the exact same people they want to catch for illegal activities completely off the grid into cash deals in tin-pot countries. Surely you would want to suck these people into a false sense of security by allowing them to have bank accounts and transact digitally, trace money movements, build a map of locations, people, dates & times and enough digital evidence to take down the whole network whenever you please? Like 99.99% of criminals, money launderers will get lazy and make a mistake that will give authorities enough to work on for a case.
HSBC paid out £28m in fines for money laundering; but it's much harder to find out what happened to the businesses and individuals they were caught laundering money for - I assume the police/law enforcement teams are still digging through a gold mine of data? Maybe they should have paid HSBC £28m for the detective service and prosecutable data?!
(no I'm not a HSBC customer or (ex-)employee! )
http://www.theguardian.com/business/201 ... ing-claims
Cambodia - Money launderer’s dream
Meum est propositum in taberna mori,
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
- Barang_doa_slae
- cannonballer
- Reactions: 37
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- Joined: Tue Dec 24, 2013 9:44 am
When in the west I had the surprise to walk into a bank to have clerks tell me this was a non cash handling whatsoever branch. In Cambodia you can still buy or sell a land worth 500k or more Cash and no questions will be asked by any of the most reputable banks where you hold your accounts.
Quite a few interesting posts on this thread. Me think that if kh440 members joined their mind and used their beer time to some villain goals, we could soon join the Khmer bong thom rich club
Quite a few interesting posts on this thread. Me think that if kh440 members joined their mind and used their beer time to some villain goals, we could soon join the Khmer bong thom rich club
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- Jumped Up Little Oik
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Ha ha! Good analogy I sometimes think that the Khmer aspire to be like the ruling class of old. Don't do f'all, but take off everyone. Trouble is everyone wants to be king nowadays . It's a mess.Felgerkarb wrote:If I figure out what's next, I'm not telling anyone here...gonna get in on that action myself.
That said, I don't see anything on the horizon at the moment.
As I stated before, I use the bargirl analogy, keep rotating boyfriends to keep monthly money coming in with no plan for the future. For boyfriend read NGO, foreign government flavor of the week pet projects, etc., dirty money, get rich quick investments, etc.. Why do anything else if the money flows so freely?
I remember one project I funded years ago. A few million bucks for some improvements....the fucking Ministry of the Interior complained that the free money I spent wasn't enough. They had zero allotted for it, I made the project happen...and they still complained. Just like a freaking bargirl...yoo no lub me, why no buy me iPhone, not want Galaxy...I find new boyfriend...
Fuck.
Only sometimes.... I saw the big Sino project in TTP by the smelly drain this morning. And so many new multi story buildings near completion. The other day looking across from Arey Kasat I counted 16 cranes. Will anyone buy this property?
And when will ordinary Khmers finally demand services like health and education that work?
And when will ordinary Khmers finally demand services like health and education that work?
Going back to money laundering and the vast amounts of physical cash these people accumulate. I read a story from S America when a farmer with a small plot of land decided to plant trees and began to dig it up.
He found $600 million dollars in blue 55 gallon drums!
Apparently it was Pablo Escobar's stash.
If you could ship it over to Cambodia you'd be laughing. Logistically that's about what 40 Chep pallets?
http://news.jammedup.com/2015/11/12/far ... o-escobar/
He found $600 million dollars in blue 55 gallon drums!
Apparently it was Pablo Escobar's stash.
If you could ship it over to Cambodia you'd be laughing. Logistically that's about what 40 Chep pallets?
http://news.jammedup.com/2015/11/12/far ... o-escobar/
pew, pew, pew, pew!
It is not money laundering it is wisely investing in high end real estate which you are unable to rent out due to lack of demand.
"Those who can, do. Those who can't, teach. Those who can't teach, teach English."
Credit Jacked Camry & LTO
Credit Jacked Camry & LTO
- khmerhit
- In 93! - I was here, man, you know
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however it works, a Cambodian chap takes the cut. At every end. Even a man who delivers wages takes a cut. Not that different to the bankers in the west, who charge fees for every little thing, because they can. Obviously it is not prodicung real growth, but who cares about that.
Joined: '03; Member 39. Funny Quote: Prince Phillip to a driving Instructor in Scotland: "How do you keep the natives off the booze long enough to get them to pass the test?"
- raendi
- Bark plop plop bark woof woof
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Back to the FATF grey list again after 3yrs
Reuters: https://www.reuters.com/article/us-camb ... ONsX2oOJMQA global money-laundering watchdog, the Financial Action Task Force (FATF), will place Cambodia on its watchlist on Friday because of concern it is highly vulnerable to money laundering
Pardon my engrish, thanks you.
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