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> The money gets laundered through all kinds of channels into different tax havens. It might pass through Taiwan—'cause, you know, China can't touch it there and the money looks clean—and then it goes on to China or Singapore... basically, right into those bosses' pockets.

Singapore cracked down on a huge part of that: https://en.wikipedia.org/wiki/2023_Singapore_money_launderin...

Funny how the banks let these money launderers go on with their activities for years, most likely because they paid the banks their share of fees and commissions.





they use crypto for part of the money, too. I even heard some of the guys in the industry back then got paid in USDT.

That's alright, when one falls, 3 others from China will be come in and restart the scheme anew.



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