Are luxury goods the new choice for money laundering? #SGToday
From CNA938 Rewind · 18:11
Show by CNA
Rare Hermès handbags, luxury watches and fine jewellery are going under the hammer in a second round of auctions linked to Singapore’s S$3 billion money laundering case. Daniel Martin speaks to Associate Professor Victor Kwan, Deputy Director at SUSS Academy, about why luxury goods appeal to those looking to hide illicit wealth, what makes them valuable and how easily they can be turned back into cash.See omnystudio.com/listener for privacy information.
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