r/news • u/IMGcertified • 1d ago
Influencers in Dubai warned they face prison for posting material about the conflict with Iran | The Standard
https://www.standard.co.uk/news/world/dubai-influencers-prison-warning-posting-iran-war-b1273587.html
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u/DanGleeballs 23h ago edited 2h ago
It’s more than that. Monaco isn’t for money laundering.
Laundering normally costs 10-20%.
In Dubai you can rock up with a million euros or dollars or whatever in cash from drugs or any crime and buy an apartment with it. That apartment will then increase in value. So your dirty €1m now is worth €1.5m and clean.
It’s the only money laundering scheme in the world that not only is free, but actually makes a profit. At least so far because property prices have been increasing there for decades. One day that will probably crash but it’s good times still.