Money laundering busts: Regulators have to constantly play catch up | Heart of the Matter podcast

Описание: Since news broke on the billion-dollar money laundering case in Singapore, there have been questions on how bad actors operate. How do property agents and bank staff separate a legitimate transaction from a shady one? And what makes this type of crime especially tough to crack down on? Steven Chia speaks to Adam Maniam, director of dispute resolution at law firm Drew and Napier, Associate Professor Soh Kee Hean from the Singapore University of Social Sciences and former director of the CPIB, and Fabrizio Fioroni, adviser on anti-money laundering/counter financing of terrorism at the United Nations Office on Drugs and Crime.

0:01 Intro
1:49 How common are billion-dollar money laundering busts?
2:38 Money flows into Singapore
3:50 How criminals evade detection
5:32 Flying under the radar
7:25 How law enforcers keep up
9:48 Is citizenship by investment a red flag?
11:03 Sharing information across borders
12:16 What checks do property agents do?
15:54 How can countries deal with money laundering
18:40 Are stricter restrictions required?
21:27 The need for increased international cooperation

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