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Luxembourg is inconsequential to many, but an investigation dubbed "OpenLux" shows how this small and secretive European country has attracted more wealth than the GDP of Japan.
Through favorable tax structures and opaque ownership registers, Luxembourg has attracted €4.5 trillion ($5.4 trillion) of investment funds into the country. But with this comes a serious risk of money laundering: As much as 80% of these investment funds have not declared their beneficial owners.
Analysis of the OpenLux database by Transparency International found "significant discrepancies" between named beneficial owners of investment funds. By law, these owners must be registered with Luxembourg authorities and, when business is done in the U.S., with the SEC. But 15% "submitted conflicting information," the campaign group says, opening the door to money laundering.
The FBI is worried that investment funds are being used for large scale money laundering, according to an internal bulletin leaked in May last year. A lack of anti-money laundering (AML) checks has made it easier for criminals to "integrate illicit proceeds into the licit global financial system,” it said......
For a country with a population of around 600,000 people and whose existence was questioned by Napoleon, the "Grand Duchy," as it is officially known, is attracting a lot of attention.....
As to the "sheep" term -- what would you replace it with? Uninformed? Masses? Media believers?
We the people must unite to remove corruption form our parliaments and restore the rule of law, take back our country and put the power back to the people.
originally posted by: angelchemuel
a reply to: carewemust
Hi Care, sorry if I am still being thick..... that was a summary by the Dems/Left.
So this is a 'hearing' to decide whether he will be impeached yes?
Rainbows
Jane
originally posted by: kwakakev
UNITE FOR FREEDOM - AUSTRALIA
We the people must unite to remove corruption form our parliaments and restore the rule of law, take back our country and put the power back to the people.
originally posted by: PokeyJoe
a reply to: Caled
Because asteroids and meteorites are made up of precious metals, and elements that are rare to Earth, but plentiful in space. Iridium being one major one.
Greta Thunberg accidentally shared a message showing she was getting told what to write on Twitter about the ongoing violent farmers’ revolt in India — sparking a police investigation and a political firestorm, according to reports.
The 18-year-old left-wing eco-activist shared — and then quickly deleted — a message that detailed a list of “suggested posts” about the ongoing protests, according to the posts that were saved by Breaking 911.
The list gave a series of tips on what to post, asking her to also repost and tag other celebrities tweeting about it, including pop star Rihanna.
As well as the Twitter storm, the “toolkit” she shared also suggested highlighting planned demonstrations at Indian embassies.....
India’s foreign ministry issued a rare statement accusing “foreign individuals” and celebrities of “sensationalism” and “trying to enforce their agenda.”
Delhi police on Thursday confirmed that it had launched “a criminal case against the creators of the ‘Toolkit document'” that Thunberg shared.
“The call was to wage economic, social, cultural and regional war against India,” police said of the plot supposedly taken up by the celebs.
originally posted by: angelchemuel
a reply to: CanadianMason
Thank you!
Do we have a decent link to the trial please peeps?
Rainbows
Jane
You can set a reminder to watch it here: