An important point here is that this is an ancient video - I live in Monaco and am happy to give a current perspective. The AMAF in Monaco which regulates financial institutions is now very strict. The number of banks operating has come down and anti money laundering and KYC procedures have become ridiculously strict. When I first moved here it was not uncommon to see menus in Russian - they were everywhere. This has changed dramatically as Prince Albert has sought to clean up the reputation of the country from this video. If you go back 20 years money laundering was far more expansive in other jurisdictions, and still is to this day, think the recent story re: Deutsche Bank / Danske Bank in the Baltics. As Monaco cracked down, this money moved elsewhere.

@jackgerberuae

3 жыл бұрын

So why are you living in Monaco?

@fettlemaster

3 жыл бұрын

@@jackgerberuae I didn’t personally move there for tax reasons, my job in a family office moved there. After working locally in banking I then set up my own business there. After 12 years it is very much home, and the quality of life is excellent.

@ub4079

2 жыл бұрын

Not much changed If you walk for 5 minutes on the streets, you will hear russian talk!!!! So they are there.... many, many of them

@homodeus8713

2 жыл бұрын

Here, here 👏👏👏 I wonder why there are no exposés on people who work hard globally and practice philanthropy.

@noorclean2915

2 жыл бұрын

Lol monaco starts to throw everyone under the bus, funny that this tiny land wont be exist as country if it is not because of incoming dirty money from many mafia and corrupt politician all over the world. 😂😂and it is very piece of cake to destroy and destabilize such country, if other country rulers and mafias wanted to.

When I was a teenager,I often watch movie of james bond and hollywood movies which take place in Monaco.I thought monaco is like the destination holiday for the rich and famous from all over the world

Everyone who's not invited to the party gets mad & jealous and tries to stop the party. What about Amsterdam, British Virgin Islands, South Florida. Why can they launder?

A lot of money stolen from the Russian people by Russian Oligarch slime also ends up in London, and to a lesser extent New York and Florida.

@fisnikramadani4147

3 жыл бұрын

don't forget swiss banks and germany where you can literally buy real estate with cash and nobody asks you where u got it

@brucemarsico6

3 жыл бұрын

I've been informed that a lot of Russian money ends up in the Grand Cayman, and, instead of living there, they (Russians) live many months of the year in Varadero, Cuba. Opulent living in luxurious villas and sumptuous life styles on the golden sands. All for a fraction of the cost of living in some other Caribbean resort and the Cuban government welcomes the high spending.

@globalonemusic2381

2 жыл бұрын

Florida is "The Caribbean" of the United States. I would never move to Florida. Every set of laws is BEYONE "business favorable". "Business favorable" is good....until it allows the blanket capability to cheat everyone out of everything. Monaco had this problem, as well. Billionaires with the $ 200 million yachts.....who outright cheated hard working middle class crew members out of the money, never paying them right, on time - if they got paid at all. It is true, Albert changed A LOT of that. He still cultivates "dirty outside money", but they all "contribute" by having to go the Prince's "Fundraising Gala's" , etc. The foreign scum does support ALMOST ALL of the municipal services, etc.

It's all about power...who doesn't matter...the wealthy hire the muscle and make us live in the world they create...there are suffering people in every country, who work and struggle to make ends meet, who represents the ones who work and gives their lives in service?

Gangsta's Paradise - Coolio

Where there is huge wealth there is huge and ruthless crime .

@izeesh

2 жыл бұрын

La cosa notra says where there's money, there's a mob

lol So this is where all the Ruskie money ends up, although this was made in 2001' it's safe to say they still own Monaco as an oligarch purchased their pro football team not too long ago

Its been 20 years since the film was made ... I dont get the impression Russians or mafia run it today ... its all just hype ...

@johndoe-ss9bz

2 жыл бұрын

An "Image Improvement" is all they needed. Ca$h is more powerfull than Ju$tice,

That report is dope! "Into not so murky depths"

The greatest mobsters are inside the federal reserve bank and don't want competition

@Misterz3r0

5 жыл бұрын

Completely irrelevant

@funshit2801

5 жыл бұрын

wow so edgy

@pgkemper2011

5 жыл бұрын

That is probably true.. sad but True:(

Farraris and face-lifts. Bahaha

Informed bookkeepers will tell you the biggest money laundering locations are in America. But that makes for boring news.

I swear... believe me, I have nuttin' to do with this. I've never even been to Maniaco, honest!!

MON(EY)ACO !

2:11 onward what is that piece called??

everyone is Mafia for Americans but the only different is that American use the legit Mafia = Washington ! lol.👍

It's pertinent to know that investment is essential to make more money, I hit big on crypto...

@kellijones-

2 жыл бұрын

Forex/stock is the best investment anyone could get into. As it could make you rich in a blink of an eye.

@pierogallo132

2 жыл бұрын

One of the best content I've seen! Crypto is the best though I don't self trade but I still make profit with the help of my broker till I'm sure I can start self trading.

@souza-t

2 жыл бұрын

@Cody John Ms Galia is a woman of integrity with $6,000 she makes profit of $24,000 she's great

@Ayasha_khan

2 жыл бұрын

Greetings from Saudi arabia

@kellylogan9872

2 жыл бұрын

@Jackson Alexander I'll like to have a word with her, pls some one should share her details directly

Why is a lawyer divulging information about his clients?

@fisnikramadani4147

3 жыл бұрын

I mean why not, he helped the russian to corrupt the judge, that's what he said if you really listen what he says. He tried to send a message that the system is corrupt

@jackgerberuae

3 жыл бұрын

Why is a minister interfering in the private sector?

@financeminister1084

3 жыл бұрын

@@jackgerberuae That's not entirely illegal. A lawyer giving information about his clients is illegal.

Behind every great FORTUNE lies a great CRIME.

@oscargj2364

3 жыл бұрын

What a stupid quote,Mónaco isnt rich because the crime,Mónaco is rich because the richest persons like players of Mónaco doesnt want that the state steal his money.Yeah,a player of Mónaco is a criminal🤣🤣🤣🤣

@dr.perfectsmile4175

2 жыл бұрын

Aha, starting with US oligarchs

How can you say is a crime if they show you everything

Malversations douteuses ? Ça doit être une spécialité spéciale. Très chic !

These reporters are funny ... they're worried that Albert [a false God in waiting] will become nothing more than a figurehead to the Nation of Monaco that has a population of 38,695 (@2017) ...

I wouldnt talk too much if I were you laywer.🕵👥👤

I guess Monaco can turn blind eyes when it comes to money coming into the country

Hi, I had a company in Monaco for few years and lived there, I’m searching for an KZreadr with a big audience to provide insider informations about Monaco’s dark side in the last few years, corruption,nepotism and actual rip-off of foreign residents .

I'm not surprised, in Monaco it's all about money, money, money. For me it's a lost paradise , reminds me of Dubai, reclaiming land from the ocean to built more expensive apartments in the sea to get more rich people in. It's scyscraper after skyscraper. I have a better view to the Ocean then some owners in their 5 storey 30 mil € mansion. I remember it quite well as a teenager on my school holidays and even in the 80s watching Formula 1 but nowadays - pas pour moi, mais chacun à son goût (each to its own) I know indiviuals who bought an apartment big as my dogs' room to not pay tax in their home country. Greed and money should be written on the Monagasque flag. But this is an old video.

@rubydooby1679

2 жыл бұрын

The new real estate is only to supply demand

@lilianinafrica2243

2 жыл бұрын

@@rubydooby1679 doesn't contradict what I wrote. More money into Albert's pocket. It'all about money + how to press more people into that already overloaded tiny principality. It was once beautiful but a bygone era.

What about swiss banking system?

The end of Monaco.

@calvinmayes5314

5 жыл бұрын

Join the Club Money Co.

@simp2234

2 жыл бұрын

Join club illuminate

White sub titles on a white background . . . . . . so stupid , put them in a black box .

Are You Kidding Me???LMAO!!!!

If gambling is allowed, then money laundering is only common sense. Many French principalities try to mimic Monaco's business model.

Whats the songs?

It will be shock for many. From paradise in Monaco to hell.

Much of what is described in this film continues to happen. However, it happens "differently" today. For example, Albert and his sister Caroline have made certain that these Russians, Middle Easterners and others, are not so much taught how "not to get caught".rather, they are taught to "Get caught less often" and to keep their mouths shut when they do get caught. :) NO ONE is allowed "Residency" unless Albert approves it. He has sole authority to approve "Residency"....at least on the public record. There are approximately 8,000 Citizens by birth in Monaco. There are approximately 26,000 foreigners with Residency. However....there are 310,000 bank accounts. :) :) Stephanie and her husband were divorced 20 years ago. There are news reports less than six months old that Stephanie and her ex husband STILL have joint accounts that serve as a "clearing house" of sorts, into which enormous sums of money from outside of Monaco are deposited, "for a fee". :) NONE of this happens without the approval of the Albert and his two sisters. People who acquire "Residency" do not just "have it" Once they live there, they are absolutely expected to attend a minimum number of "events" in a six month period. It could be the "Fundraisers" for "The Prince's Trust", "The Rose Ball", "Princess Grace Trust", Red Cross, etc. Ask yourselves...."Who are the 'Beneficiaries' of the Trusts" ? :) :) Albert and his family, that's who. :) The whole country is "for sale". Lastly, this film, 20 years old, predicted that Albert would be nothing more than a "figure head". That is exactly what he has become. Caroline is pretty much in control and Albert quietly "obeys Caroline"...or....at the very least, almost always follows her "advice". None of them are happy. NOTHING about the Principality is appealing. Almost all of it is just non stop "negative energy".

Instant pot

They don't get real love since you need to see to love.

A royal having a great time around high mafia rulers !!!! Start the press this is big news LMAO.... Cool thing is they all want a piece of a little bay overpaying for real estate while being able to afford a whole island loll.

Oh No 😨

@simp2234

2 жыл бұрын

🤣🤣🤣🤣America

I like the fact, that the mission is about Russian mafia, with Italian's music as background 😜😝 N often I can heard Italian speaking.🥺🤔

well, its an european capital of vanity, greed and power hunger, and that to me, is self explanatory

I’m in the mafia and I’m going to sue you for slander this is really bad what you are saying and I’m telling the authorities.

2:06 Random Belly flash LMFAO

-Find us the judge to pay him -We don't give money to the judge, we don't that here. -Well find us the right person Then after he took the case and won. That's kinda surprising P.S they described a socialist as the man of the future

Nothing is crumbling.

@simp2234

2 жыл бұрын

The government crumbling no

where their a lot of richest people in the world they will be the richest Russian oligarch in there too

Monaco is no different than any other big city where there is money, just enjoy life, because once you die, its forever. FACT

Shame.... it's a real fantasy land growing and growing thanks most dirty business...and everybody's attention is on these.royals Disney's family!

I'd only ever visit Monaco if I could take a flamethrower with me.

I am very surprised by this video and also by the comments left to this video. If you look at the European Directive 2014/107/EU you will know that there is an automatic exchange of information between EU member states. On top of that very strict rules in AML are in order, an obligation any compliance officer withing any financial institution in the EU must fulfill. If no economic origin of assets can be proven, no expert compliance officer will accept any money what so ever! And nevertheless the Treaty of Rome and many other following EU Directives enhance free circulation of capital accross the EU, any EU tax resident must comply with the Legal Obligations of their country of residence. So please consider before emitting such videos or comments.

IF YOU WORK FOR THE MAFIA IS IT MINIMUM PAY AND ZERO HOURS.IM INTERESTED IN A JOB

@19:53 "...honest Russian businessmen..." Isn't that an oxymoron?

It's just the bad side of the world

Every French citizen that moved to Monaco after the Principality's tax treaty with France has his revenues reported to the French fiscal authority. America is the sole country that taxes its expatriates worldwide. A French citizen residing in Switzerland, for example, eventually ceases to be a French resident and consequently ceases to be a French taxpayer. After officially residing six months and a day in the Principality, I ceased to be a taxpayer in my country. As for the Americans, many of them renounce their citizenships every year. America is unfit for civilised habitation. Monaco is an officially Catholic state. Taxation is theft; it's extortion. One should reside where one is well treated. One of the reasons for residing in Monaco is the Principality's unproblematic population. It's most congenial.

I don't know see an obligation for banks to divulge client information in certain circumstances. I see nothing wrong with sending my profits and or money to a tax shelter country. If it's legal, why not do what you can to save in taxes?

@jcmc9378

2 жыл бұрын

greedy sob

@azariah15

2 жыл бұрын

@@jcmc9378 I am greedy because I am looking for legal ways to save in taxes? 😆

@pmccoy5511

2 жыл бұрын

@@azariah15 You're discussing ILLEGAL ways to cheat your country out of needed tax revenue.

@azariah15

2 жыл бұрын

@@pmccoy5511 sending money to a tax shelter country isn't illegal. You act like the government uses tax money wisely.

@pmccoy5511

2 жыл бұрын

@@azariah15 Thieves and parasites ALWAYS BLAME the government for their OWN insatiable voracious SELFISHNESS and GREED!

Why focus on the Russians?

It's their Country. Stay out of their business!

Yo no se porque?..el que hizo la ley hizo la trampa 😮😢

God bless all Mafias…..

Need to take this off of the air. This is OLD. Monarch is dead. Son is in charge.

13:30 "A forty three year old bachelor with a passion for ...... bobsleigh racing" Should read "...with a passion for young male athletes in tight jump suits".

Mafia

Lets start operation

How to buy credibilities for your stories? Say Russia, Russia, Russia

There's not One person living in Monaco not doing dodgy business linked to whatever mafia or big time fraude practices... Its a fact and exactly no its not a joke. The day that place ceases to exist will be a blessing. Amen

Yep, the best web entertainment fans, self service TV schedule, watching the teli together and ask... could we ever build up a humankind kind just like religions are asking us to keep under control our evil nature? Could we ever survive without this mafia cancer at all? Could we build up a humankind welfare without murdering the others? Without slavery, exploitation and human sacrifices in the name of the others greed selfishness arrogance cynical nature, cruelties and psychopaths total lack of empathy, some people seem . .. reptilians indeed, they hate to death humans, doing their best to murder as much they can or what? The web connection now is helping us to find alternative narcotics placebo doping to create healthy kind of addiction...get dizzy of joy of life, funny gags, could we live with .. no adults area at all? Yeah, each one is having his own independent brain to make a decision. If all this mafia hell trap is bringing so much pain grief suffering and depression will you tell what is the use to mess up lives what for? Being murderers is.. a total dummies stupid people, that's the point fans

I thought it was london? And who was the Putin look-a-like with hair??

Let them eat cake amd go to Dubai

🇲🇨♥️

What a BS!

Americans are not corrupt that's why there's no videos like this pointing at thrm as a corrupts 😁

GREAT RUSSIA IS GREAT....

Why is it never mentioned if the person is or was Jewish?

Do Monaco people like black people?

@Ali01007

5 жыл бұрын

Brando bee as long as you wealthy.

@86Rosalina

4 жыл бұрын

Prince Albert has a black son and the people didnt like it so he didnt raise him.

@babyboasty6033

3 жыл бұрын

@@86Rosalina he is not black he is mixed but his mother is black

@86Rosalina

3 жыл бұрын

@@babyboasty6033 Ever hear of the one drop rule?

@illberightback5015

3 жыл бұрын

@@86Rosalina the people of monaco didn’t like that he was black ?

How come the Prince has a middle American accent? I don't remember hearing of him being here for any extended stay......uncanny. just rewound and watched again.....SOMETHING ABOUT THE WAY HE SOUNDS STINKS!!!

@fettlemaster

5 жыл бұрын

His mother (Grace Kelly) was American, he spent six summers at camp in the US then spent his college years at Amherst... so nothing weird about it.

@alanv3185

4 жыл бұрын

@@fettlemaster People love to talk without being educated on matters. You must excuse his idiocy

@lenaely6146

3 жыл бұрын

He's spent plenty of time in or with americans; particularly midwesterners 😶😒😏

@pmccoy5511

2 жыл бұрын

And the Roman CATHOLIC CHURCH is mumm on the subject as usual.

I wonder if Trump is involved with this!

@CAJ1001

2 жыл бұрын

WTF HAHA

@simp2234

2 жыл бұрын

🤣🤣🤣🤣USA tooo much in debt

The Demons (bankers) won't be compromising any Royal Families from now on, The Lord himself has them grid locked, ready to address accountability exclusively to him. PRAISE THE LORD ❤️PEOPLE. 🙏😇😍👍

@simp2234

2 жыл бұрын

🤔

France should just invade Monaco or instead force them to pay billions to avoid invasion.