Honestly, whenever any company says 'We employ a rigorous process of due diligence..' is just so cringy and obviously lying, not just for the betting industry but almost all industries now as long as the money is flowing. Proper due diligence and honesty are rare in business practices nowadays
The reason that this has less than 25k views in its first week is that everyone now just accepts total and utter corruption, abysmal due diligence and complicity across the Premier League and the whole of football. Money is money in the football world, full stop.
The timing behind this investigative journalism and the recent arrest of Chinese nationals who are based in Singapore on suspect of money laundering with money amounting to USD 1 billion with link to online gambling activities are certainly very interesting.
There was a Bloomberg journalist who reported on various illegal gambling and scam calling neo slavery centers in Cambodia linked to various people in Singapore.
This has been a problem in commercial sport ever since players started putting sponsors on their shirts. From F1 to PSL the business model doesn’t make sense and hence teams are vulnerable to dubious characters with deep pockets. Not too long ago crypto bros were big sports sponsors, where are they now?
The willingness of British entrepreneurs to deceive the laws of their own country (in cooperation with "anyone") and the extraordinary lengths they are prepared (well-equipped and well-informed) to go to achieve this sinister goal is jaw-dropping and extremely upsetting. The legacy (and the tradition) of corruption in The UK has not only ruined its historical status and its one-time decent reputation but also the daily lives of their citizens. It seems, there is no limit to the influence of money in the British society, everything has a price. Once an avid fan, I stopped watching football long time ago.
If you cannot ID the ultimate owner of the business you're dealing with, you don't know with whom you're getting in bed. Meaning your due diligence is superficial at best. Complex corporate structures including shell companies may not be a crime but is a huge red flag. Regulators know this and need to stamp it out
12:00 How could illegal eastern-asian business be advertised? Easily! It's called rule of law! If the company have license in the UK - their ads are legal regardless of real status in the homeland,
Brilliant investigation and film. Can’t help wondering that if this traces back to “technology providers”, whether there isn’t a large amount of data mining going on, that might lead back to a state operator…
I was so proud, to see SBO bets on the front of West Ham shirts. An illegal betting website that serviced South East Asia, colonized that part of London.
I have been concerned for some time that sports-betting-aps could be leveraged for 100% illicit activity, as well as instant digital money laundering transactions, concealment of illicit networks and direct illicit cocaine purchasing transactions. Very concerning.
When it comes to BVI, you need to identify who is the Company Secretary. They will hold the register of shareholders which will identify who holds the shares in the Company. You need to work from there.
It's been the same in Brazil. For the past couple years, one by one of the first class soccer teams started receiving sponsorship from betting sites/apps that came out of nowhere. There are about a dozen now. Haven't heard the name of any owner. Interestingly, they all transmit the idea that online gambling in sports is something widespread. It really wasn't. The convinience of it now is what is turning a malevolent practice that governments around the globe just tolerate in mainstream. It is becoming the new cigar. And it's happening really fast. Taxing fees are still under discussion in the polytical sphere. Meanwhile, who knows who's getting richer?
This is the system that the UK (or more exactly some small elite in the UK) has embraced and promote. Secrecy through the british offshore territories, it is used for this, for money laundery, for evadinng taxes, etc. The problem is estructural and there is no real intention to change it
I am living in Vietnam. Gambling is illegal, but I can play gambling on the internet easily. Many people have become addicted and lost, leading to bankruptcy and even suicide.
Not sure that anyone watching this with a modicum of knowledge about modern banking, finance and tax evasion would be in the least bit surprised. That we are all governed by heads of states doing exactly the same as these Chinese gambling companies may explain why there won't be any measures to address anything. Indeed, the bulk of FT readers probably happily fall into this category or wish they did, so there's always that.
the gambling commission is not independent,they are paid for by the gaming industry thru levees,as the old saying goes..they not gonna bite the hand that feeds
The UK and the USA have bookies to launder drug money and the governments gets 15 to 20 percent cut from tax . This video likes to hide what the western governments do and blame China for everything. The London taxis is made from China and it will use the headlights to spy on you lol . Anything the UK and the USA does . So can China.
A nation (British & Europeans for that matter) that oppressed eastern societies for centuries keeps doing it in the present, *surprised pikachu face* 😂
well, yes but as an East Asian living in the UK. I'd just tell you for context that East Asia, extreme gambling in China especially is really bad that's why they were banned. Ideally, it shouldn't be illegal but if you see the historical context, you can see why.
So what the premier league is corrupt. Any sports you can bet on is all controlled by the bookies. Why did the referee's get gold watches for the man utd games when red nose was there. 😂❤😅
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Honestly, whenever any company says 'We employ a rigorous process of due diligence..' is just so cringy and obviously lying, not just for the betting industry but almost all industries now as long as the money is flowing. Proper due diligence and honesty are rare in business practices nowadays
In my experience as an accountant and management accountant, you’re spot on.
Nowadays?! When has it ever been honesty?
The reason that this has less than 25k views in its first week is that everyone now just accepts total and utter corruption, abysmal due diligence and complicity across the Premier League and the whole of football. Money is money in the football world, full stop.
Just research how you country is doing in Africa if you are in the west , you will know that this a simple issue
Lies again? AIA Money Vigrx Plus
Great investigative work and very concerning conclusions
The timing behind this investigative journalism and the recent arrest of Chinese nationals who are based in Singapore on suspect of money laundering with money amounting to USD 1 billion with link to online gambling activities are certainly very interesting.
There was a Bloomberg journalist who reported on various illegal gambling and scam calling neo slavery centers in Cambodia linked to various people in Singapore.
This has been a problem in commercial sport ever since players started putting sponsors on their shirts. From F1 to PSL the business model doesn’t make sense and hence teams are vulnerable to dubious characters with deep pockets. Not too long ago crypto bros were big sports sponsors, where are they now?
On vacations in The Bahamas.
Whats the problem?
The willingness of British entrepreneurs to deceive the laws of their own country (in cooperation with "anyone") and the extraordinary lengths they are prepared (well-equipped and well-informed) to go to achieve this sinister goal is jaw-dropping and extremely upsetting. The legacy (and the tradition) of corruption in The UK has not only ruined its historical status and its one-time decent reputation but also the daily lives of their citizens. It seems, there is no limit to the influence of money in the British society, everything has a price. Once an avid fan, I stopped watching football long time ago.
Exactly the opposite. This legacy has ensured its historical status of a major power in the world.
@@M4551kt A major criminal who lacks any real power. You should keep up with history...
UK has no real power? lol ok, agree to disagree @@baikhous
@@M4551kt No need to agree when you're the one who is incorrect. Maybe try updating your awareness of the global stage and you'll grasp why 💋
If you cannot ID the ultimate owner of the business you're dealing with, you don't know with whom you're getting in bed. Meaning your due diligence is superficial at best. Complex corporate structures including shell companies may not be a crime but is a huge red flag. Regulators know this and need to stamp it out
12:00 How could illegal eastern-asian business be advertised? Easily! It's called rule of law! If the company have license in the UK - their ads are legal regardless of real status in the homeland,
Someone at Ladbrokes got mad and reported about their lost sponsorship so this video came out.....😂😂😂
I’m all for this really, I like seeing the incomprehensible Chinese logos on shirts in England, it gives everything this weird dystopian vibe.
I love football kit but what really puts me off buying them these days is the betting sponsors which really destroy the look
Brilliant investigation and film. Can’t help wondering that if this traces back to “technology providers”, whether there isn’t a large amount of data mining going on, that might lead back to a state operator…
I was so proud, to see SBO bets on the front of West Ham shirts. An illegal betting website that serviced South East Asia, colonized that part of London.
I have been concerned for some time that sports-betting-aps could be leveraged for 100% illicit activity, as well as instant digital money laundering transactions, concealment of illicit networks and direct illicit cocaine purchasing transactions. Very concerning.
When it comes to BVI, you need to identify who is the Company Secretary. They will hold the register of shareholders which will identify who holds the shares in the Company. You need to work from there.
This is exactly why our national lottery should branch out into sports betting and online casino.
It's been the same in Brazil. For the past couple years, one by one of the first class soccer teams started receiving sponsorship from betting sites/apps that came out of nowhere. There are about a dozen now. Haven't heard the name of any owner. Interestingly, they all transmit the idea that online gambling in sports is something widespread. It really wasn't. The convinience of it now is what is turning a malevolent practice that governments around the globe just tolerate in mainstream. It is becoming the new cigar. And it's happening really fast. Taxing fees are still under discussion in the polytical sphere. Meanwhile, who knows who's getting richer?
This is the system that the UK (or more exactly some small elite in the UK) has embraced and promote. Secrecy through the british offshore territories, it is used for this, for money laundery, for evadinng taxes, etc. The problem is estructural and there is no real intention to change it
nice journaling guys. you tried your best to find, that's all that matters!
Hasn’t someone else has done this research 2 or 3 years ago.
I am living in Vietnam. Gambling is illegal, but I can play gambling on the internet easily. Many people have become addicted and lost, leading to bankruptcy and even suicide.
Good job!
Not sure that anyone watching this with a modicum of knowledge about modern banking, finance and tax evasion would be in the least bit surprised.
That we are all governed by heads of states doing exactly the same as these Chinese gambling companies may explain why there won't be any measures to address anything.
Indeed, the bulk of FT readers probably happily fall into this category or wish they did, so there's always that.
Big up to Chelsea....Big up to Lazio....keeping those jerseys free of the mark up (if only for this season)
the gambling commission is not independent,they are paid for by the gaming industry thru levees,as the old saying goes..they not gonna bite the hand that feeds
Clubs were blinded by the cheque
Moving to the British Virgin Islands, thanks a lot.
Football is just about numbers, nothing else matters.
69
You guys should get the clip mics, we struggle to hear you sometimes when you lean away from the mics
I think that you will be able to find faults in any company that you interested in.
Why does Britain’s allow so many loopholes and secrecy with the British Virgin Islands and the Isle of Man?
this whats happening in Africa while the citizens suffer a lot on , criminal leaders getting away with it and law enforcement agency looking away.
Why does it seem like you're not holding the British Gambling Board and the British Virgin Islands accountable?
Does the Chinese government try to stop the placement of bets online?
Betting bloody everywhere, get rid of it
Enforcing Chinese laws among mainland China is the last thing that UK have to do.
The UK and the USA have bookies to launder drug money and the governments gets 15 to 20 percent cut from tax . This video likes to hide what the western governments do and blame China for everything. The London taxis is made from China and it will use the headlights to spy on you lol . Anything the UK and the USA does . So can China.
the vocal fry on mrs riordan is like nails on a chalkboard 🤮
A nation (British & Europeans for that matter) that oppressed eastern societies for centuries keeps doing it in the present, *surprised pikachu face* 😂
This is how capitalism is supposed to work, folks.
public must create a feedback on all bookmakers are they real or scam cheats that don pay up winnings, even they are licence or not
bro is talking about invading british virgin island 🤣🤣🤣
So in a nutshell the gambling commission aren't doing their job....
Deep
How difficult is it for this guy to iron his shirt and trim his beard
Betting sponsorship should be BANNED
⭐
Premier League is ruined, not even competitive anymore Serie A is much more competitive
TG
For this to stop, teams need to be 100% worker owned.
more important thing would be to ban all gambling advertising in the UK and nationalise the industry
no betting-drugs-alcohol sponsors in islamic country
Gambling shouldn't be illegal. Legalize it, all this goes away and this "investigative reporting" is completely useless.
well, yes but as an East Asian living in the UK. I'd just tell you for context that East Asia, extreme gambling in China especially is really bad that's why they were banned. Ideally, it shouldn't be illegal but if you see the historical context, you can see why.
Gambling can destroy entire families and does have an huge effect on society as a hole. It should be legal, but there should be very high regulation
true but the real problem is that these companies are allowed to advertise gambling. They should be treated like cigarette industry
First
You guys would be happy if pronouns people sponsor the team
🏳️🌈😂
So what the premier league is corrupt. Any sports you can bet on is all controlled by the bookies. Why did the referee's get gold watches for the man utd games when red nose was there. 😂❤😅