We are all reborn, who wants to be the richest man?

Chapter 729: Wash it clean
As Christmas approaches, the streets and alleys of Hong Kong Island are filled with Christmas atmosphere.

In Asia, Hong Kong Island has the most intense Christmas atmosphere, and there is no room for refutation on this point.

The Hong Kong government allocates special funds every year for venue decoration in public areas, and major shopping malls also have various themes every year.

Not to mention Lantau Island, Hong Kong Island’s paradise area, where the Christmas atmosphere can be seen everywhere.

Especially Disney. Since two years ago, Disney’s Christmas float parade has become a must-see attraction for tourists from Hong Kong Island.

Starting from Christmas Eve on the 24th, Disney’s Christmas floats will parade through the main streets of Hong Kong for three days.

Although Christmas in Hong Kong Island is only a one-day holiday, there are many Western tourists. People of other skin colors can be seen everywhere on the streets, and the ratio is almost 1:1:1.

This is the true embodiment of national integration, not just talk like the United States does.

Arriving at the trading square, Luo Nianzhong walked into Du Huilian's office amid greetings.

"Luo Sheng".

"Stop being polite and tell me what's going on."

Du Huilian followed Luo Nianzhong to the reception area, talking as they walked.

"The incident started in a country in Africa that had just completed a change of government. The authorities felt that the predecessor had transferred a large amount of funds and were appealing.

They feel that the money should belong to their own people and are filing a lawsuit at the United Nations, asking British banks to freeze the funds.

This incident has a wide-ranging impact. Under pressure, last night, which was daytime in England, banks such as Barclays and HSBC froze some accounts with a total amount of more than 600 million US dollars.

Among them, Barclays Bank and HSBC accounted for the largest proportion, with Barclays Bank freezing $1.4 million and HSBC freezing more than $1.2 million.

Money laundering is a business that no large international bank can avoid.

Although this has happened before, it was all accusations because the new regime needed international recognition.

But now that the first bomb has exploded, no one knows what will happen next.

"Just Barclays and the Bank of England?"

This is what Luo Nian is most concerned about. You know, there are too many laundering havens for global capital flow, and one move can affect the entire body.

For example, Malta specializes in handling funds from Russia and the European Union, Luxembourg focuses on tax-free funds, Mauritius keeps a close eye on Indian capital, Panama transits money pouring out of Latin America, and now Hong Kong Island is attracting funds from Asia.

In Hong Kong Island, when it comes to finance, no one can bypass Far East, which is also the biggest beneficiary.

If this part of the business is affected, the Far East Finance Department's hidden income will be cut by 90%.

How much is the amount of black money in the world each year? No one has a specific number, but the data released by the United Nations is that it accounts for 2% to 5% of the global GDP.

However, this is a conservative estimate. It is equivalent to you saying that chickens have four legs and the United Nations saying they have three legs. But the truth is that chickens can play basketball. No one can deny that it is wrong, and both are underestimating the rights of chickens.

In other words, the number is far more than that. Robert and Luo Nianzhong have talked about this matter. Although everyone is just guessing, it should be more than 5%.

Why is the current Pangu Canary Wharf in England called the financial city where the sun never sets? Because England is the best at this.

Luo Nianzhong didn't know how much revenue the UK generated from this industry every year, but the Far East Financial System had an annual revenue of at least tens of billions of Hong Kong dollars from Asia, so it was conceivable that the UK also had an annual revenue of at least tens of billions of US dollars.

This is still direct income. The indirect income is huge, the most typical of which is Abramovich's investment.

Because these rich people need to consume, there are no cars coming and going in the tax havens, and no "hmm" and "ahh", so they can't have a hard ball.

So they will go to the location of the client company, such as England, or Hong Kong Island, which attracts Asian capital, to spend lavishly.

"Now it's just Barclays and Bank of England, but financial institutions around the world are paying attention to this."

Luo Nianzhong breathed a sigh of relief and said, "Don't worry, it seems that the other party has some self-awareness."

If it happens in Britain, it means that the matter will stop here, and the most important thing is that it does not involve the capital of the United States.

What Luo Nian fears most is the capital of the United States, because this will allow the United States to send troops to act like a gangster, under the guise of fighting against terrorism by a rich country.

He is not afraid of these guys being eliminated, but he is afraid that these people will be desperate and expose the matter to the world, which is also what global capital is afraid of now, after all, this money is bloody. In that case, no financial company dares to risk the world's condemnation and can only suspend business.

Do you think that the tax havens such as the Cayman Islands and Bermuda are really used for these things? If so, can the public know about it?
In fact, most of these places are formal companies, and the biggest purpose of registering here is to reasonably avoid taxes.

Because multinational companies pay taxes in their own countries and also in the countries where their products are sold, they thought about whether they could reduce the tax on one side, and that led to the establishment of the Cayman Islands.

What are actually used for washing are those names that ordinary people cannot access and have never heard of, but are well-known among the rich.

For example, Nevis Island in the Caribbean Sea is extremely famous.

As a leader in this regard, Nevis does not recognize any judgment of foreign courts. If you want to sue a company on this island, you must go to the local court on the island.

What's even more bizarre is that before filing a lawsuit, the plaintiff must pay $10. And the lawsuit cannot last more than one year, otherwise it would be like the defendant being pardoned.

The reason given was that they were afraid that the plaintiff would make unreasonable demands and appeal every day, making the local court too busy.

I won’t even talk about how long this kind of lawsuit will drag on. If the lawsuit were to be filed in a queue, the defendant’s great-grandson would probably be dead before the plaintiff even gets a chance to get on the line.

The most important thing is that even if you are lucky enough to sue and win the case, Nevis will not keep or disclose any company documents and information.

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Moreover, the defendant company can move out at any time. Once it moves out, the matter will no longer be under my jurisdiction and my judgment will be useless.

You want to sue in another country? Sorry, the defendant has moved back again.

Come to Nevis again? Sure, get in line and file the case all over again.

So this place cannot be called a paradise on earth, but for the rich it is a fairyland on earth.

An interesting thing is that there are more than 1.5 companies registered in Nevis, while the local population is less than 1.5, which means there are companies per capita.

This place is so powerful that if there is a major international case involving a large amount of money, and if it is investigated thoroughly, Nevis will inevitably be involved, such as Boss Xu’s company.

Such places are only circulated among top wealthy people. If they were monitored by everyone like the Cayman Islands, banks would need to find a new base and could not afford to waste time.

"I'm thinking whether we should develop the North District of Hong Kong Island."

The North District of Hong Kong Island is huge in area, but it is sparsely populated and is the most underdeveloped area of ​​Hong Kong Island.

"What's the reason?"

"Sell the house and make money."

The best way to launder money is to invest, and the best, safest and most value-preserving way to invest is to buy a house. This is globally recognized as the easiest and most convenient way to evade financial supervision.

For example, this is the case with Billionaires' Row in New York. The mysterious foreign tycoons who bought the houses have basically never been to this house. Those who viewed and bought the houses all commissioned agents. Not only are these agents registered in tax havens, they have never even seen the homeowners and have no real information about them.

Du Huilian also understood what Luo Nianzhong meant, "It's possible, but there are two hidden dangers. One is whether it will lead to a surge in housing prices in Hong Kong Island, and the other is excessive investment."

How can the houses sold to the rich be just casual? They must be luxurious, not to mention the surrounding facilities. Golf courses and yacht marinas are a must, otherwise why would people come to buy houses from you?

What is Luo Nianzhong’s purpose? Of course, it is to make money, so how can he sell it at a low price?
"The housing price issue is easy to deal with. For example, if the house is sold at a normal price, we can find a solution in other places, such as real estate. We can also set a standard price line for non-Hong Kong residents to buy a house, and buying a house can help with citizenship, etc."

In any case, these are all wealthy people. Instead of letting them enjoy themselves in Europe and the United States, it is better to keep their funds in Hong Kong Island, which can also be regarded as promoting the economy.

In fact, this money has boosted the economy, especially Hong Kong's film industry.

The film and television industry is also a major channel for money laundering. The popularity of Hong Kong entertainment has brought in more funds, and more funds will drive the development of film and television, especially in terms of hardware equipment.

Otherwise, how do you think Hollywood suddenly became commercialized? It was driven by a huge amount of capital.

"Is it an investment issue? Can I ask the Hong Kong government? What are they going to do with all that money in the fund?"

The biggest investment in developing the North District is not real estate, but infrastructure, and transportation is the biggest problem.

"I'll ask someone to make a budget spreadsheet. It's worth looking into."

(End of this chapter)