Quote:
Originally Posted by Peacekeeping
That’s deep.
|
It's actually not deep at all. It's actually VERY in your face.
Put it bluntly, hang flower KTVs are very much one of the prime manners of money laundering in SG. Nobody openly knows who are the ultimate UBOs and bosses of the KTVs. A significant part of their declared income is made in cash and not digital transactions which means little to no paper trail. Hang flower money for the girls a part of it goes back to the club under all manners and guises of fees/loans repayment for the girls to come work in SG in the first place etc etc.
How easy will it be for money laundering ops to be done through them? Don't be surprised if a lot of those people you see hanging stupid amounts of money for flowers in hang flower KTV joints are basically "placement" agents linked back to whatever financial source wants/has to stay under the radar and is behind the KTV joint in question. Hang 10k for a girl, you see the girl take back all 10k for herself?