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How to detect Money Laundering syndicates and activities in SG
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11-1-2017 4:04 PM
PROFILER Offline
Senior Sheep

Posts: 1,648
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11-1-2017 10:31 AMFaTa wrotePerhaps ML activities via art gallery sales.

Remember Yang Yin?

He paid $XXXXXX for some worthless art. Those millions went to who?


Surprised

He takes his mule cut of the dirty money and the money goes back to the source through a simple method of layering. Then the gallery closes down and another gallery is setup and the cycle repeats itself.

Again, the authority can easily catch such operatives if they want to. Why it is not done is very telling of complicity in the crime.
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11-1-2017 4:20 PM
PROFILER Offline
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(This post was last modified: 11-1-2017 4:21 PM by PROFILER.)
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11-1-2017 4:20 PM
PROFILER Offline
Senior Sheep

Posts: 1,648
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11-1-2017 10:07 PM
Billions Offline
Senior Sheep

Posts: 490
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11-1-2017 3:07 AMPROFILER wroteI just discovered that money laundering syndicates use sophisticated fronts that apparently does a legit business but it is all a front. On close scrutiny, the account books tell a sinister story of book cooking and decoys and duds.

Have you Bros heard of this shoe company Marx B?
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12-1-2017 1:40 AM
PROFILER Offline
Senior Sheep

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11-1-2017 10:07 PMBillions wroteHave you Bros heard of this shoe company Marx B?

No, but smelly shoes are very common. Whats the scoop?
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