Again, all this money laundering talk is utter, utter nonsense.
The only thing you can clean up in sports is your PERSONAL reputation. (eg, Qatar, UAE, KSA)
USM and all it's subsidiaries is a legitimate business operating all over the world. They can (or could, pre Ukraine) funnel money anywhere if they needed to.
Personal wealth? Plenty of countries take money with no questions asked. I myself have had clients who want to pay literal holdalls of money that we cannot accept. Instead, we take them to the bank, the manager goes through the process of "oh no we can't accept that" before calling 20 minutes later to say "we'll accept it for 3%" (an incredible deal for the person wanting to spend the cash btw.... No money laundering scheme gives a 97% return)
Everybody is happy. I get the deal done, client buys what he wants, bank makes easy money.
Countries are 'graded' for compliance in anti money laundering measures. It's a nice thing to shout about, but who gives a toss, really?
Countries that have remained neutral over Ukraine and refused any kind of sanctions are taking that stance because they welcome the Russian money coming in. For example, the latest property spike in Dubai is almost entirely driven by Russian investors who find it difficult to spend anywhere else.
I suspect the vast majority of money going into Everton was Usmanovs as opposed to Moshiris. He wasn't doing it to 'wash' the money that in the eyes if the law was already legitimate, it was a [Poor language removed] swinging exersize. Some people collect watches, some people collect supercars, some of his friends have megayachts..... Very few of them own a world famous sports team.
That's all Everton is/was.... Bragging rights. It's gone wrong (spectacularly) but it's NOT money laundering. Ffs.
The only thing you can clean up in sports is your PERSONAL reputation. (eg, Qatar, UAE, KSA)
USM and all it's subsidiaries is a legitimate business operating all over the world. They can (or could, pre Ukraine) funnel money anywhere if they needed to.
Personal wealth? Plenty of countries take money with no questions asked. I myself have had clients who want to pay literal holdalls of money that we cannot accept. Instead, we take them to the bank, the manager goes through the process of "oh no we can't accept that" before calling 20 minutes later to say "we'll accept it for 3%" (an incredible deal for the person wanting to spend the cash btw.... No money laundering scheme gives a 97% return)
Everybody is happy. I get the deal done, client buys what he wants, bank makes easy money.
Countries are 'graded' for compliance in anti money laundering measures. It's a nice thing to shout about, but who gives a toss, really?
Countries that have remained neutral over Ukraine and refused any kind of sanctions are taking that stance because they welcome the Russian money coming in. For example, the latest property spike in Dubai is almost entirely driven by Russian investors who find it difficult to spend anywhere else.
I suspect the vast majority of money going into Everton was Usmanovs as opposed to Moshiris. He wasn't doing it to 'wash' the money that in the eyes if the law was already legitimate, it was a [Poor language removed] swinging exersize. Some people collect watches, some people collect supercars, some of his friends have megayachts..... Very few of them own a world famous sports team.
That's all Everton is/was.... Bragging rights. It's gone wrong (spectacularly) but it's NOT money laundering. Ffs.
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