|
|
Post by johnofgwent on Dec 26, 2023 12:43:29 GMT
Proceeds of crime act does exactly that No it does not because they are general earnings. If someone defrauded someone and had the cash in their bank account then that money would be returned to the owner like stolen property does if the owner can be located. Proceeds of crime is more for things like drugs businesses and the like. No one got ripped off, jus the police say the trade is illegal hence crime. which is exactly what we are talking about. Russian Oligarchs using the UK prior to the various money laundering, bribery and corruption laws introduced by David Cameron’s 2010-2015 majority Conservative coalition yo launder and realise their ill gotten gains primarily in the UK Property market. Which, since i spent years working in banking, i know all about. |
|
|
|
Post by Baron von Lotsov on Dec 26, 2023 13:10:20 GMT
No it does not because they are general earnings. If someone defrauded someone and had the cash in their bank account then that money would be returned to the owner like stolen property does if the owner can be located. Proceeds of crime is more for things like drugs businesses and the like. No one got ripped off, jus the police say the trade is illegal hence crime. which is exactly what we are talking about. Russian Oligarchs using the UK prior to the various money laundering, bribery and corruption laws introduced by David Cameron’s 2010-2015 majority Conservative coalition yo launder and realise their ill gotten gains primarily in the UK Property market. Which, since i spent years working in banking, i know all about. I can understand them investing in the UK property market. It has bee a Ponzi scheme driven by low interest rates and high immigration. To them it was just a good way to invest, like many of our own people also figured. We got into linguistics a bit here by calling it laundering. Bribery and corruption has long been practiced in British politics as well but these people are not said to be "laundering money" but are prominent businessmen and are respectable, e.g. the Lord Cruddus who was some barrow boy from the East End until he was introduced to the merits of banking with Iranians, the previously most sanctioned country. He's now a big Tory donor and funds Johnson and Co. The thing is though, if you want to set up a petroleum business with these foreign oil-rich nations you have to appreciate bribery is an excepted way of doing business in many countries. If you don't grease the wheels your competitor's bid will succeed because he is also greasing the wheels. You'd look pretty stupid as a major car manufacturing nation when there is nothing to fill them up with. |
|
