10 ms·

Will the world's criminals start storing their money there or did you mean something else with Switzerland of the Middle East?

keiferski 2y ago
> The U.S. is the top destination for stashing money illegally, according to a new report from a pro-tax advocacy group. https://www.cbsnews.com/news/fact-coalition-report-us-money-laundering/ https://www.cbsnews.com/news/fact-coalition-report-us-money-...
trissylegs 2y ago
Start? Uae is a place known for storing and moving shady money. Very few extradition treatys.
- dindobre 2y ago
  I didn't know that, but I guess that's not too surprising.
- benterix 2y ago
  > Very few extradition treatys. Which is also excellent not just for stealing, but also for murder. Half a year ago a German-born Pole killed a family in a car crash and run away to UAE.[0] They tried to extradit him but without success. [0] https://bnnbreaking.com/breaking-news/accidents/suspected-fatal-car-accident-culprit-on-the-run-after-buying-dead-company/ https://bnnbreaking.com/breaking-news/accidents/suspected-fa...
  - inslee1 2y ago
    That article says he was trying to flee to the Dominican Republic, not the UAE.
    - benterix 2y ago
      The article is from October - in the meantime it turned out he actually fled to UAE. The Polish government tried to extradite him but failed. There are many sources on that, unfortunately in Polish only.
- zaphirplane 2y ago
  Uk is the world’s money laundering capital of the world
cess11 2y ago
Probably not, they'll still put the money in Luxembourg and Switzerland, but they can exchange gold and diamonds and stuff like that from shady dealings in Africa for money there. If you look into it you'll find that it's a nice marketplace for israeli oligarchs running operations in DR Congo, e.g. for diamonds which Israel exports unexpected amounts of, and you'll also find that the Rapid Support Forces/Janjaweed in Sudan are buddies of the UAE. Unlike Switzerland the UAE is quite aggressive militarily, e.g. occupying part of Yemen.
- dindobre 2y ago
  I find your second paragraph especially interesting, do you have a source (e.g. a book) to get deeper into this?
  - selimthegrim 2y ago
    UAE has basically annexed Socotra.
  - stef25 2y ago
    Dan Gertler
  - cess11 2y ago
    Been a while since I last had a run through books about this and no time at the moment to go remind myself about titles, but I can give some links to start digging. Main export of Israel: https://oec.world/en/profile/bilateral-product/diamonds/reporter/isr https://oec.world/en/profile/bilateral-product/diamonds/repo... Local presentation of mining sites: https://en.israelidiamond.co.il/wikidiamond/diamond-mining-mines/ https://en.israelidiamond.co.il/wikidiamond/diamond-mining-m... Some historical background and interesting sources: https://en.wikipedia.org/wiki/Diamond_industry_in_Israel https://en.wikipedia.org/wiki/Diamond_industry_in_Israel As mentioned, reading up on Dan Gertler is a good idea too. Sudan complaining recently about foreign involvement: https://sudantribune.com/article283888/ https://sudantribune.com/article283888/ If you look into Omar al-Bashir's 'career' you'll likely find it enlightening about the degree of Gulf involvement in Sudan. The Gulf states are really, really good at PR, they can afford the biggest, most efficient firms to run it for them, but there are a lot of books about the colonial history in the region and how trade and economics have evolved over the last century. The strategically importantly located island of Socotra has a really interesting history, lots of pirates and stuff. Since 2018 UAE is occupying it and lately Yemen news sources have claimed that Israel is in on it, and the US DoD has been asked whether they're there too. Starting point: https://en.wikipedia.org/wiki/United_Arab_Emirates_takeover_of_Socotra https://en.wikipedia.org/wiki/United_Arab_Emirates_takeover_...

keiferski 2y ago

> The U.S. is the top destination for stashing money illegally, according to a new report from a pro-tax advocacy group. https://www.cbsnews.com/news/fact-coalition-report-us-money-laundering/ https://www.cbsnews.com/news/fact-coalition-report-us-money-...

trissylegs 2y ago

Start? Uae is a place known for storing and moving shady money. Very few extradition treatys.

dindobre 2y ago
I didn't know that, but I guess that's not too surprising.
benterix 2y ago
> Very few extradition treatys. Which is also excellent not just for stealing, but also for murder. Half a year ago a German-born Pole killed a family in a car crash and run away to UAE.[0] They tried to extradit him but without success. [0] https://bnnbreaking.com/breaking-news/accidents/suspected-fatal-car-accident-culprit-on-the-run-after-buying-dead-company/ https://bnnbreaking.com/breaking-news/accidents/suspected-fa...
- inslee1 2y ago
  That article says he was trying to flee to the Dominican Republic, not the UAE.
  - benterix 2y ago
    The article is from October - in the meantime it turned out he actually fled to UAE. The Polish government tried to extradite him but failed. There are many sources on that, unfortunately in Polish only.
zaphirplane 2y ago
Uk is the world’s money laundering capital of the world

cess11 2y ago

Probably not, they'll still put the money in Luxembourg and Switzerland, but they can exchange gold and diamonds and stuff like that from shady dealings in Africa for money there. If you look into it you'll find that it's a nice marketplace for israeli oligarchs running operations in DR Congo, e.g. for diamonds which Israel exports unexpected amounts of, and you'll also find that the Rapid Support Forces/Janjaweed in Sudan are buddies of the UAE. Unlike Switzerland the UAE is quite aggressive militarily, e.g. occupying part of Yemen.

dindobre 2y ago
I find your second paragraph especially interesting, do you have a source (e.g. a book) to get deeper into this?
- selimthegrim 2y ago
  UAE has basically annexed Socotra.
- stef25 2y ago
  Dan Gertler
- cess11 2y ago
  Been a while since I last had a run through books about this and no time at the moment to go remind myself about titles, but I can give some links to start digging. Main export of Israel: https://oec.world/en/profile/bilateral-product/diamonds/reporter/isr https://oec.world/en/profile/bilateral-product/diamonds/repo... Local presentation of mining sites: https://en.israelidiamond.co.il/wikidiamond/diamond-mining-mines/ https://en.israelidiamond.co.il/wikidiamond/diamond-mining-m... Some historical background and interesting sources: https://en.wikipedia.org/wiki/Diamond_industry_in_Israel https://en.wikipedia.org/wiki/Diamond_industry_in_Israel As mentioned, reading up on Dan Gertler is a good idea too. Sudan complaining recently about foreign involvement: https://sudantribune.com/article283888/ https://sudantribune.com/article283888/ If you look into Omar al-Bashir's 'career' you'll likely find it enlightening about the degree of Gulf involvement in Sudan. The Gulf states are really, really good at PR, they can afford the biggest, most efficient firms to run it for them, but there are a lot of books about the colonial history in the region and how trade and economics have evolved over the last century. The strategically importantly located island of Socotra has a really interesting history, lots of pirates and stuff. Since 2018 UAE is occupying it and lately Yemen news sources have claimed that Israel is in on it, and the US DoD has been asked whether they're there too. Starting point: https://en.wikipedia.org/wiki/United_Arab_Emirates_takeover_of_Socotra https://en.wikipedia.org/wiki/United_Arab_Emirates_takeover_...