Monica
💫 Summary
The video discusses various aspects of money laundering, including the use of different methods such as art, luxury goods, cash businesses, and churches to shift illegal proceeds into legitimate businesses. It also highlights the involvement of major players in the global financial system and the corruption that occurs within it, including bribery and collusion in banks and financial institutions. Overall, it emphasizes the need for greater regulation and transparency to combat money laundering.
✨ Highlights📊 Transcript
This section discusses the movie "Catch Me If You Can" and recommends other movies related to money laundering, as well as introduces the concept of money laundering and mentions individuals involved in the process.
00:00
The movie "Catch Me If You Can" is recommended as it explains the psychology of forgery and fraud.
Other movies related to money laundering are mentioned, such as "Wall Street: Money Never Sleeps" and "The Big Short."
The section introduces the concept of money laundering and mentions Muhammad Khan who allegedly loaned money through a South African bank.
Simon Rudland, a tobacco billionaire in Zimbabwe, is mentioned in relation to illicit cigarette trade.
Money laundering involves moving money from illegal sources and making it appear as if it came from legitimate businesses or activities.
01:46
Anton Rupert built a cigarette empire in South Africa and avoided paying taxes by selling cigarettes in the black market.
Money laundering can be done through various means, such as using luxury goods, art, or even churches.
The goal of money laundering is to make the money appear clean and from a legitimate source.
Money laundering can be done through various means such as selling art, luxury goods, cash businesses, churches, and nightclubs.
03:33
Money received from churches or cash businesses appears clean to the recipients.
Musicians and artists can receive cash payments for private events, but they have to spend the money in specific places.
Some people in power decide what is legal and illegal, and they can circumvent regulations and break laws.
Bribes can range from small favors to large payments in exchange for favors, with examples like giving gifts to teachers or paying people to gain favor in a company.
05:21
Bribes can start with small favors, such as buying chocolates for a teacher or cleaning their car for free.
They can escalate to larger payments, like paying someone a hundred thousand Rand for favors in a company.
One way to circumvent bribes is by putting the people on the other side on your board of directors.
Cyril Ramaphosa, for example, received money in the form of directors or chairman's fees to ensure he favored Glencoe in dealings with Eskom.
00:00I haven't fully finished the second
00:03episode of the cold Mafia documentary by
00:06Al Jazeera I think it's close to an hour
00:09long I'm about 40 minutes in I just
00:11wanted to say this uh number one I'm not
00:13sure if I'm going to be sitting with
00:14rotendo martiniarare again to discuss
00:17the second episode from what I've seen
00:19it doesn't really delve into Zimbabwean
00:21politics that much and I'm thinking most
00:24of the things we'd have to cover would
00:26be mostly rehashing what we discussed in
00:28our initial sit down and maybe
00:31maybe on my own doing a video uh
00:34regarding the documentary maybe I might
00:37find someone I'm not sure it's about
00:39it's a bit short notice and people are a
00:40bit busy unfortunately and I was quite
00:42lucky to get rotendo at short notice
00:45first and foremost please watch a movie
00:47called Catch Me If You Can with Leonardo
00:49DiCaprio and Tom Hanks really really
00:52great movie that explains the psychology
00:54of forgery and fraud
00:56um I think it's it's either directed or
00:58produced by Steven Spielberg it's a
01:00classic
01:01um I've mentioned movies that I think
01:03you should watch Majin called being one
01:05um Wall Street money never sleeps The
01:08Big Short there's a couple of other
01:10movies you can watch as well
01:11um just from a mining perspective
01:14episode 2 speaks generally about money
01:16laundering and it introduces more
01:17dollars Muhammad Khan who apparently may
01:20not that may not be his real name who
01:22loaned his money uh through a South
01:24African bank called sassven
01:27um and there's some dealings with the
01:28South African Reserve Bank itself
01:30um money that is moved money that is
01:32cleaned it still links some Zimbabwean
01:34guys speaks about Simon rudland who's a
01:36tobacco I think billionaire in Zimbabwe
01:38are cheese cigarettes chippies cheap
01:41cigarettes illicit cigarettes and by
01:43illicits I need you to understand
01:44there's nothing wrong with the
01:46cigarettes themselves they normal
01:48typical cigarettes uh the difference is
01:51that they don't pay taxes you know uh
01:54Anton Rupert the father of Johann Rupert
01:56built a cigarette Empire in South Africa
01:59with the Rembrandt group and they ended
02:01up getting into British American Tobacco
02:03and they went and they created the
02:05regulations can only believe that they
02:07funded politicians and other big people
02:09to ensure that other players don't come
02:11in like an RG with Simon rudlin so they
02:14end up selling their cigarettes in the
02:16black market and not paying taxes the
02:18taxes of cigarettes I think I could be
02:20mistaken but they could be 50 to 100
02:22percent
02:23number one
02:25um the concept of money laundering very
02:27easily is moving money that is from
02:30illegal proceeds cleaning it in more
02:34decent businesses so that on the other
02:36side of the transaction it looks like
02:37the money uh came from a good source
02:40I'll make an example if I have a game
02:43reserve and I have Wildlife or I have
02:45something like Uncle a cattle which are
02:47a rare breed someone can bring me cash
02:50which I might store in in couches
02:54which I might store in cultures and once
02:56that cattle has been bought once that
02:58that game has been bought on the other
03:01side of the transaction when that money
03:02moves into other businesses it is seen
03:05as clean money
03:06some people use art and luxury goods as
03:09a way to shift money around some people
03:11use churches because when you look at
03:13Art someone can buy your artworks in
03:15cash and then when I take that money
03:17that I've made from selling my artworks
03:19um and I go and I spend money overseas
03:22and at Dubai I will spend money in Hong
03:24Kong I'll go buy a car somewhere the
03:26person who collects the money on the
03:28other side is getting it from a decent
03:30source which is me I'm an artist you
03:32know and then where they take that money
03:33does not matter anymore because the
03:36sources from me selling art some people
03:38do art some people do Luxury codes your
03:40Louis Vuittons your coaches and the like
03:41some people like I said to Wild game
03:44like
03:45your president so ramaphosa some people
03:48use cash businesses the taxi industry
03:50this puzzle shop business some people
03:52use churches in churches you can donate
03:54money from a pastor to me what I do with
03:56that money doesn't matter because the
03:58people that receive that money know that
03:59it comes from a church so it looks clean
04:01I can be a motivational speaker going
04:04around the world I can be a musician an
04:05artist where people are booking me for
04:07private events I'm getting paid in cash
04:10I go and I perform for some people in
04:12the Middle East for some people in
04:14Nigeria some people in Zimbabwe some
04:16people in the DRC and they think your
04:18panel is a superstar like a burner boy
04:20like an acorn you know so we will pay
04:23him a hundred thousand US dollars to
04:24perform and I get invited every month I
04:27collect that money in cash but what you
04:29don't know is I have to spend that money
04:31in specific places those places I could
04:33be spending it in cash I could be
04:35transferring that money but the bottom
04:37line is when those people get receive
04:38that cash I'm a musician boy so it's
04:41clean money according to them so a lot
04:43of people also use nightclubs and the
04:45like
04:46there are people that run the world that
04:49decide what is legal and what is illegal
04:51those people seek regulations but then
04:53of course those same people circumvent
04:55your reserve banks your central banks
04:57those people break laws when you try and
05:00find the source of the funds through
05:01something like a cr-17 bank statements
05:04all of a sudden the courts and the law
05:06are saying no uh we're locking these
05:08bank statements and you can't see where
05:10that money comes from these things are
05:12happening every day through some of the
05:14smallest some of the biggest business
05:15people that you know some of the people
05:18that work in some of these companies of
05:19course and some of these Banks some of
05:21these financial institutions they get
05:23bribed you know and that bribe is
05:25something very simple a bribe is if
05:27you've got children at a school and you
05:29go and you buy chocolates for the school
05:31teacher or you clean the teacher's car
05:34for free or you give the teacher a
05:36voucher for a holiday in Durban that
05:39teacher is now Under Pressure to give
05:40your child good marks it's a bribe now
05:43the bribes scale
05:45the bribe scale to a point where you go
05:47to a certain company you pay people a
05:49hundred thousand Rand and they give you
05:50favor in that company
05:52some of the ways to circumvent bribes is
05:54to make sure that the people on the
05:55other side are put on your board of
05:57directors
05:58said before that Cyril ramaphosa above
06:01board was working with Glencoe and
06:03shanduga to supply coal to eskom he was
06:06getting paid directors or Chairman's
06:08fees which is above board and it's not
06:10called the bribe but the substance of
06:12that transaction is that he received
06:13money to make sure that he favors
06:15Glencoe when he comes to some of the
06:17s-com dealings as well
06:19looking forward to maybe sharing some
06:21other thoughts I'm gonna maybe go
06:22through the episode again write some
06:24notes and maybe read those notes to you
06:26around the second episode of the cold
06:28Mafia documentary by Al Jazeera not as
06:30heavy hitting as the first documentary
06:32that was focusing on Zimbabwe Emerson
06:34nangakwa kamlesh patni
06:37um Ewan MacMillan Emerson nangako I
06:41think I've already said Etc Hubert Angel
06:43you know but it's still a worthy
06:45conversation a still a worthy watch
06:47please watch it I look forward to
06:48hearing some of your thoughts I'm
06:50looking forward in this video in seeing
06:52some of your questions for me what you
06:54maybe would like to know about money
06:55laundering about how money gets cleaned
06:58about sasfin about some of our banks
07:00we've had banks that have been colluding
07:02in Forex in this country who got away
07:04with a slap on the wrist I'd like to
07:06hear some of your thoughts pay you all
07:07the black pen cheers
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FAQs about This YouTube Video

1. What are the different methods of money laundering discussed in the video?

The video discusses various methods of money laundering, including the use of art, luxury goods, cash businesses, and churches to shift illegal proceeds into legitimate businesses.

2. Who are the major players in the global financial system involved in money laundering?

The video highlights the involvement of major players in the global financial system and the corruption that occurs within it, including bribery and collusion in banks and financial institutions.

3. What is the need emphasized in the video to combat money laundering?

The video emphasizes the need for greater regulation and transparency to combat money laundering.

4. How does money laundering occur within banks and financial institutions?

The video discusses the corruption that occurs within banks and financial institutions, including bribery and collusion, in the process of money laundering.

5. What aspects of money laundering are highlighted in the video?

The video highlights various aspects of money laundering, including the use of different methods such as art, luxury goods, and cash businesses to shift illegal proceeds into legitimate businesses.

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