How British Merchants "Perfected" Money Laundering

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#business #History #money
Link To Our Other Channel: / howmoneyworks
Written By: Sam
Video Created By:
Svibe Multimedia Studio
Editor: Cardan
Media Gatherer: Andrea Rivas
Footage Courtesy of: Getty Images
Music Provided By: Epidemic Sound
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‘Money laundering’ wasn’t coined as a term until the 1970s, when the Watergate scandal hit. Since then, the phrase has become a household word, while the crime itself remains a familiar hallmark of criminal enterprises.
During the 1990s, the Bank of New York helped Russia launder capital flight when the USSR broke up.
HSBC was fined almost $2 billion for cleaning the money of drug traffickers, terrorists, and rogue nations like Iran.
Al-Qaeda’s financial operations in the run-up to 9/11 couldn’t have happened without the help of the United Arab Emirates Dubai Islamic Bank. Allegedly…
Even Fortnite isn’t safe.
After some hackers stole lists of credit card details, they bought in-game currency to sell for real cash.
But money laundering isn’t relegated to secret boardroom meetings in flashy skyscrapers.
Take the US candy shops in London.
Over the last ten years, a suspicious amount of American sweet shops have popped up across the capital, including Oxford Street.
As one of the world's busiest streets, the rent here is extremely high. Shops like TopShop, Nike, and Uniqlo have to work hard to cover costs.
Yet similar-looking chains of deserted US candy importers can somehow afford multiple shops throughout the one-and-a-half-mile street.
They even operated during the Covid lockdown when other shops struggled to stay open.
Perhaps to nobody’s surprise police raids have uncovered a staggering amount of illegal goods and cash.
One derelict shop was fronting up to £55,000 worth of illicit goods, including counterfeit chocolate bars.
But where did this all start?
How did we get to a world where money laundering is so commonplace that even average citizens treat it like a joke?
-- Sources --
1 www.britannica...
2 www.nytimes.co...
3 www.bbc.com/ne...
4 www.telegraph....
5 variety.com/20...
6 www.retailgaze...

[@georg2449]

Two points around taxes that are often mentioned in the video: 1) Income tax in Britain was introduced in1799, so avoiding it wasn’t required for the first 200 years of the East India Company 2) Money laundering is explicitly targeted at bringing illicit money into the cycle and taxing it. You did explain that but then ended up mixing up money laundering (= making illicit money look legit) and tax evasion (= pulling money from the legitimate cycle)

[@andreyf3709]

For me this diamond smuggling also doesn’t look exactly like laundering

[@mtn1793]

There may not have been income tax but there probably were tariffs/ trade taxes.

[@JaagUthaHaivaan]

The Chinese may have been running their laundering shenanigans for a time longer than anyone else, but the name hawala itself is of Indian origin. This informal system of money transfer is actually still used in some parts of India, especially among diamond traders. Unrelated fun fact: Robert Clive had a giant tortoise pet, given to him as a gift after the Battle of Plassey. That tortoise outlasted the British empire. It died in 2006, believed to be 255 years old then. This chap Clive truly lived his life king size.

[@Stormer-Europa]

Moses Montefiore, David Sassoon, Isaac de Pinto, Rahabi Ezekiel, Djudios Paradesi etc etc etc

[@duckpotat9818]

Actually the Indians were ahead of the game. Instead of laundering money to avoid persecution they just ....hired their own forces to persecute the king if need be. Indian merchant guilds often had their own armies that they would rent out to the king who would fund it by.... loaning out money from the same guild. Individual merchants and smaller guilds would hire mercenary guilds against bandits and pirates. Many of these guilds would go on to colonise South East Asia. So ironically the corporate system that would conquer India was pioneered in India itself. A large reason for colonization was hiring European mercenaries who would collaborate with foreign powers and so would Indian merchant guilds.

[@superchargerone]

how is ancient system of bartering equal to laundering shenanigans? You can barter with physical goods or you can barter with "promissory notes" of agreed value and we know that china invented paper money and this is not different. Also in ancient times, it was safer to transport a piece of paper over a long distance to trade than to carry physical goods with all the associated logistical and thievery concerns. But still you ignored these and just have to trash china it seems. whatever.

[@JaagUthaHaivaan]

@@superchargerone My intention was not to trash China. I just meant in the context of this video whatever Chinese transfer of money is called as Hawala, similar system was present in Indian sub continent also. The word Hawala itself is of Indian origin. Even this system of Hawala was actually used in the beginning for the purpose of safe transfer of money, it didn't involve any kind of laundering. In modern times this is not the case. Now it could be that Chinese might have invented such system independently earlier than Indians. Kudos to them for that. I just wanted to point out that the name Hawala is of Indian origin. Yes Chinese did invent paper money. But you might also be aware about how this paper money, which was earlier a promissory note backed by some stored gold or whatever, was later created out of thin air. You might also be aware of reserve ratio. Now someone who is too much into gold backed currency would call that a shenanigan. Of course, now everyone is a participant in this shenanigan, including you and me :)

[@JaagUthaHaivaan]

@@duckpotat9818 Yes, you are absolutely right. But I believe this kind of private army system was followed in other parts of the world also to a certain extent. There is always a struggle between ruling elites and the trading elites about who decides what is legitimate. One side's way of multiplying their wealth can be viewed as laundering and scamming by the other. Of course sometimes people get too greedy and then others suffer because of this greed.

[@brendanwiley253]

As an American who watches the Lotus Eaters, it is noticeable that the American candy shops are mentioned and not the Turkish barbors.

[@Stevie-J]

Also quite funny when he said we wouldn't have "modern western democracy" without the French revolution, which apparently came before the American revolution. He's quite the historian

[@5ampadsah4136]

Well he mentioned Brit, French and probably refering to the Dutch EICs, none of these exists today, neither were they largest players. Rather the r©th-$ch ld inter national money laundering c'bal was the breakthrough point in the money laundering business and still exists to this day. The 'p'(((e)))ws were and continue to be the masters in this game. So obviously he is pretty selective in his history, or may be because the UT🚫🚫B™ may cens©r him.

[@jorisbongsson]

Gawd, I hate Mr. Smirk. Also he's mates with that fake Irishman, Yaxley-Lennon.

[@12vscience]

@@Stevie-J I guess the French Revolution did create "current" western democracy. Robespierre and the Paris Commune Committee for Public Safety executed 20,000 people for such crimes as doubting the revolution. Current western democracies are harassing, fining, assaulting, and jailing their native citizens for speech and protesting government policies.

[@jonahkamalakar9569]

Background music is too loud.

[@turmoildragon]

Agreed, the narrator is sometimes a lil drowned out, especially when the music peaks out.

[@pedrosugliano9762]

This, exactly this, I was about to comment the same thing

[@turmoildragon]

@@pedrosugliano9762 It's a shame, he has a nice voice too so would be good to actually hear it 😄

[@HowHistoryWorks]

We were experimenting with new custom background music but you’re right, now that you mention it, it’s too loud.

[@joseville]

Yeah, just a tad lower. Great video anyhow -- very informative!

[@jamescustodio3094]

The Art Galleries and auctions today are the modern version of Pitt's method.

[@lubricustheslippery5028]

That must be convenient, you can sell whatever for whatever amount of money if you call it fine art.

[@edwinmuchiri480]

"If they could jail Alcapone, They sure as hell can get you. Steps 1. Placement. 2. Layering 3. Intergaration" Did you just quote Saul Goodman to Jesse Pinkman?

[@CodyHomes]

Most likely, yes.

[@drlt3375]

Capone admitted to evading income taxes.

[@mariodejesus9523]

I might be missing something and if I am maybe clarifying it would help, but you keep talking about "tax free" as if that is the intention for laundering money, but I always thought it was actually to make it look like real income, pay tax on it and then whats left you are free to spend as you want because it's now legitimate money, so if you go buy the super car and someone asks where the money comes from you have proof. The is tax free until you launder it, but is extremely difficult to spend on anything substantial due to the paper trail on big ticket items. So criminals are happy to pay the tax on the laundered money to then have free use.

[@Pentagathusosaurus]

This video seems to be very badly researched, they consistently conflate money laundering with tax evasion, and somehow missed the fact that income tax didn't even exist for the much of the time they're talking about.

[@jorisbongsson]

@@Pentagathusosaurus Well that saved me watching the video.

[@MbisonBalrog]

Money laundering is not tax avoidance/evasion. It is making cash flow seem like come from legit sources. Then whether or not you want avoid or evade taxes after is another matter. You launder money from illicit gains like drug smuggling

[@mariodejesus9523]

same thing I just thought

[@JoãoPauloBorges-k2r]

Tax evasion is a self defense measure, modern States is the thief. Money laundering is a crime, not because of the laundering itself, but because it's money from illegal sources.

[@tanruz335]

& into buuldings..

[@danielhale1]

Okay now I know how to launder money. Step 2 is to... get money. Rats, I knew there was a catch!

[@shaahidulislam6580]

Under Bangladesh's past PM Sheikh Hasina, nearly 100 billion USD was laundered from one of the poorer economies of the world.

[@HowHistoryWorks]

Yikes... and to think they could have stopped at 1 billion, be set for life and there is a good chance nobody would have noticed.

[@shaahidulislam6580]

@@HowHistoryWorks definitely, but greed has no limits! And actually they did it over a period of 16 years, while she was in power (a dictatorial rule basically). And it came to light when she was brought down by the student protestors and was forced to flee the country. Interestingly, the country's debt is just 94 billion dollars, so she just nearly led the country to bankruptcy.

[@MikhailSharma08]

​@@shaahidulislam6580 Could you list some credible sources to back your statements Mr.Islam? And what does it have to do with a video about the British and their practices?

[@akc3749]

I mean, he does start the video, talking about the Hawala system, which is incorrectly referenced as a Chinese system, but is actually a South Asian system, pretty prevalent in Bangladesh as well. Hawala literally means "Reference" in Hindi or transaction id, if you will. So, if the video maker can reference South Asian systems in a video about the Chinese and British, I think it is fair to slip in a bit of South Asian drudgery into the comment section.

[@shaahidulislam6580]

@@MikhailSharma08 KZbin won't let me post any links.. you can search "১৫ বছরে বাংলাদেশ থেকে ১১ লাখ কোটি টাকা পাচার".. and find the daily star and other prominent Bengali newspapers reporting on it, translate the news articles to your language.

[@jasonneugebauer5310]

I am guessing that Batteries Plus and maby some other battery stores are fronts for money laundering. I have never seen anyone buy anything from Batteries Plus. I think they would be shocked if someone did. It's all out of date electronics that look like they are valuable, but not worth anything.

[@moggadah]

Where are they located? UK?

[@jasonneugebauer5310]

@@moggadah U.S.

[@man_at_the_end_of_time]

​@@jasonneugebauer5310I've used them. Beware of their electronic auto keys.

[@moggadah]

@@jasonneugebauer5310 organised crime sucks everywhere. Tell people. Ask questions.

[@jasonneugebauer5310]

@@moggadah I don't know anything except the company does not look like they make any money. Nothing I want to investigate.

[@jakegarvin7634]

"Oh,no! I spilled red wine on my $100 bill! What am I going to do now??"

[@dannylo5875]

Send it back to the Federal reserve as it's their property and they have a Hotline for that.

[@defeatSpace]

@@dannylo5875 I wonder how many people have actually done this 😆

[@David-lz3ey]

Go to the laundry mat and wash it. Be careful when you put in the dryer to dry as other patrons might see it. 😂

[@akc3749]

Hawala system is a medieval South Asian system and not an ancient Chinese system.

[@tomlxyz]

It started in ancient china and continued and spread

[@akc3749]

Just check out the department of justice website , or the UN office on drugs and crimes. It just doesn't have Chinese origins. It continues to be problem for governments globally, just not a very Chinese system.

[@little_laughs_family]

Hawala is an Arabic/Urdu word, it literally means, "reference". Another meaning of this is handover.

[@jablue4329]

Love the topic, but the music is way too loud compared to the voice.

[@HowHistoryWorks]

Yeah a few people have pointed it out, we will make sure to fix it in the next video.

[@sandworm9528]

​@@HowHistoryWorksrecommend releasing again with lower music and linking in pinned comment

[@daniildanzig2842]

The music was very annoying. Stopped a quarter of the way through because of it...

[@unusualhistorian1336]

Great video, but Denmarks East India Company 4:41? I know it was a simple error, just wanted to make sure it was known.

[@maxant4285]

No errors here.

[@BHPhillips1]

Thats fine and all, but he meant to say the Dutch, as you can see from the image he used and the rest of the video

[@BHPhillips1]

@@vardekpetrovic9716 doesn't change the fact that it was not the creator's intention to mention the danish, therefore it is a mistake in the video

[@loupnuit1]

It's always the sketchy looking mattress shops by me, as well as vape shops that carry products no one seems to buy.

[@brendancurtin679]

Mattress shops would be terrible for money laundering. They are legit businesses. They just have very low overhead and big profit margins so they could survive on few sales. They would be bad for money laundering because they have few transactions, not many cash transactions, and everything is fairly traceable. It’s much more likely that the landlord is laundering money by buying that strip mall than a mattress store leasing space in it.

[@CodyHomes]

There's another more legal way if washing money in the washer. Who hasn't accidentally washed mony in their pockets by mistake?

[@gelogmarine]

Man, imagine finding something valuable enough to promote you from a life of slavery and they use it to demote you to the status of death anyway. Like both options cost you nothing but the dude’s labor and net you a a big ass diamond, but that guy chose the fucked up option just for funsies. Just a reminder that today’s world isn’t as bad as it could be...

[@codyaragon93]

Right?? I heard that and thought “Wtf difference to the slave owner did it make whether the guy was dead or free if he still got the diamond and lost the labor anyway?!” What a sadistic POS.

[@radidov5333]

@@codyaragon93 coz it probably had to pay or reward something to the slave (?) ..in any case greed is in all of us..

[@rusticitas]

Suggestion for improving audio: look into using “ducking” so that when speaking the background audio/music levels are lowered allowing what you are saying to be clearly audible. In this specific video the background music is fighting for attention with your voice because they are at nearly the same level. On small speakers, (and especially if neurodivergent) the music wins out and paying attention becomes extremely frustrating. This is meant as constructive criticism.

[@HowHistoryWorks]

Yeah a few people have mentioned the audio issue so we will definitely be fixing it up for the next video but this is a cool tip we will try it out!

[@johso87]

Good points. I'd also point out that the music chosen is far too dramatic for an informational video. I did not watch the whole thing despite being curious about the direction. Just unbearable.

[@grandsome1]

​@@HowHistoryWorksI think it might be possible to change the audio track of an already uploaded video on KZbin, I remember a KZbinr mentioning it because of a DMCA issue, but don't quote me on that.

[@toobalkain]

there's a theory that "spices" actually weren't spices, but drugs, they just didn't have a word for drugs collectively so they called them spices.

[@rustomkanishka]

Nah, not always. Opium poppies were grown in India, but not really at the phenomenal levels that the Company demanded. The company is said to have drawn from a third to half it's revenue from opium, but that's well into the 1800s. The company did set production quotas for indigo, so subsistence farmers suffered famine a few times, as more and more land was used for indigo and less for food. Opium was useful, you pushed it to someone willing to travel further East and sell it in China. The silver earned then was used to buy tea. Wherever the company needed deals done you'd find a parsi willing to do the work for you. That's how many of the big industrial powerhouses got seed money, and that's why there's a parsi looming around in the jungles offering assistance in imperial era books. The Wadia group for example, built the HMS Trincomalee in 1817, and the ships required to move cargo to Hong Kong.

[@TheSpecialJ11]

Well not to mention that the difference between an herb, spice, and drug is more of a gradient than distinct boxes. Nutmeg is a drug but has to be done in ridiculously high doses to have a noticeable effect, which would taste terrible. Most herbs have physiological effects similar to mild pharmaceuticals. Cocaine is a drug, but coca leaves aren't too dissimilar from coffee...but coffee is of course a drug. But also a spice with the way it's used in desserts? See what I mean?

[@salguodrolyat2594]

The real life inspiration for the spice melange from DUNE.🤔

[@smeggeruk]

Trying to decide if the narration is a poorly coded AI generation or if someone has been getting a little too friendly with the speed control and is randomly speeding up sections of the narration. Probably the latter, as I've noticed exactly the same issue with HMW's narration. It goes from a slow pace to hyperactive (for a few words) then back again, almost as if the editor is trying to make the video fit to an exact length at any cost except the cost of cutting out some of the content. REALLY ruins the enjoyment of the video, and stops me from watching

[@bayridge99]

It was the Dutch, not the Danes, that competed with the East India Company.

[@davidd2928]

TLDR; it's just as easy for wealthy individuals to launder money and avoid facing criminal charges back then as it is today. The only difference being that they had much less income inequality back then than we have today.

[@thelight3112]

I'd argue that while there was perhaps a smaller divide financially, the quality of life difference between a 17th century peasant-class everyman and noble was drastically worse than today. Hunger, filth, hard labor, and vulnerability was the standard experience for the lower class.

[@stuartnicklin650]

Income inequality in the past is far more than today. Most societies had a noble class with superior rights also.

[@iamnormal8648]

The inequality has always been there. You have presentism (ie. bias of today because you are alive and witnessing today).

[@hoboonwheels9289]

Probably easier as politicians are more likely to be involved.

[@baumholderh8425]

Citing the French Revolution as an example of a good usage of money laundering is a wildly bad take.

[@tanruz335]

No, it's right!

[@Sohave]

10% of the viewers: This is horrible, how can we stop it. 5% of the viewers: This might help me understand things as I move up in the ranks of the criminal organisation I work for. The remaining 85% of the viewers: Is there something in this I can use this to dodge tax with my legitimate business.

[@czarkusa2018]

I think the most important thing to realise is that EVERY small business is a front for black market activity and fencing of stolen goods, there are no exceptions.

[@briandrake6881]

He who controls the spice, controls the universe!!!!!! - Baron Harkonnen

[@stewiebalew6446]

The british pronunciation of nike like tyke sends me every time.

[@jayjuggrnaut]

In the US, it's actually mispronounced. And I'm an American.

[@DumbledoreMcCracken]

"Would have risen"? Is "would have rose" British English, or Alabama English?

[@ecocodex4431]

2:13 What is with the background music BEING SO LOUD!?

[@thevillager8339]

You sound different...

[@stephen7938]

😂

[@UpperAquatics]

Woah. Is this narrator new?

[@HowHistoryWorks]

I am just doing my best British accent to get into the colonial spirit… (Yes it’s a new narrator)

[@giangargo669]

@@HowHistoryWorks the new narrator did a good job

[@dinokknd]

@4:40 sorry mate, but the Dutch and The Danish are separate countries and Peoples - I think you mean the Dutch East India Trading company.

[@akc3749]

This is a pretty poorly researched video in general. It feels like an intern's video.

[@CuriousCrow-mp4cx]

The Danish East India Company was a Danish-Norwegian chartered company that operated in India and had two periods of existence: 1616-1650: The first Danish East India Company operated during this period. 1670-1729: The second Danish East India Company operated during this period, and was re-founded as the Asiatic Company in 1730. It Established factories The company established its first factory in Tranquebar, Tamil Nadu in 1620, and another in Serampur, Bengal in 1676. In the 19th century, the company sold all of its settlements to the British and returned to Denmark. The sale included Serampore in 1839, Tranquebar and most minor settlements in 1845, and all Danish rights to the Nicobar Islands in 1868. Sold to the British In the 19th century, the company sold all of its settlements to the British and returned to Denmark. The sale included Serampore in 1839, Tranquebar and most minor settlements in 1845, and all Danish rights to the Nicobar Islands in 1868. See... Google it and learn something. The Dutch VOC and the British EIC stayed in Asia after Denmark exited. The VOC went bust. The British EIC outlasted it's remaining rival, the VOC, until it too went bankrupt and was dissolved, and the British state took over its Indian operations.

[@eriksonmedia2834]

Denmark also had a company in the 1600's called Danish East India Company

[@akc3749]

It did, but I think he meant the Dutch East India company, since he is talking about them being competitors and fighting with each other. The Danish East India company was never a major rival to the EIC.

[@sirperybLakeney]

@@akc3749 The use of William Pitt the Younger's face on the 'Wanted' poster for Thomas Pitt is particularly hilarious. Edit: Also £109,000 is not a thousand and nine...

[@axem.8338]

Marty Byrde will be proud.

[@andrewrobinson2565]

The voiceover guy is normally in first-class on an aeroplane ✈️ or in the Presidential Suite on a cruise 🚢 I reckon 😊👍.

[@Mattysizzle]

Britain and Denmark’s east India trading companies?

[@eduardosabino4874]

In Brasil, Money laundry is essencial for day to day live of anyone, money laundry keeps some good business afloat, paying their employees, for a cheap price, and in the "red"

[@SoloRenegade]

curious how you failed to mention the modern day scheme of using Art to launder money

[@debbiegilmour6171]

In 1674 there was no "British" East India company. There was an "English" East India company which wouldn't become British for another 33 years.

[@johnmurphy4814]

As has long been said; the really bad criminals don't wear prison-supplied uniforms and chains, they wear extremely expensive fitted suits and handmade silk ties, along with custom-made leather shoes. These days the really successful ones fly around in private planes, as well...😢🎉

[@oakstrong1]

A common knowledge is that England, and London especially is the capital of money laundering, if we talk about the number of countries involved. Yet, it is not blacklisted like SE Asia is (for a good reason, though) from where I couldn't get even a small online payment accepted.

[@Treblaine]

What is the functional difference between Hawala and the modern practice of "vertical integration" where you buy your suppliers all the way back to primary producers? It's the same thing where money is not changing hands in order for goods to be moved or developed, it's just instead of an IOU system they're just paid as employees what they would have made as independent traders.

[@keshavkk479]

You earned a subscriber just with the content of this one video itself❤

[@luxraider5384]

It's funny how history repeats itself.

[@rockstarjoe5725]

Always

[@stephenrepper8118]

Usually a fan of these but you've got the music volume waaaay to loud relative to the narration. The music should set an ambience, not be the only thing I can hear.

[@Kaede-Sasaki]

Hold up. How is counterfeit chocolate possible? Is there a chocolate bank that sets chocolate value? Is it a crime to dilute chocolate? Wouldn't the regulation needed be just ensuring no drugs (besides caffeine) and the customers will vote with their money?

[@jebeda]

If you slap "Hershey" on your own chocolate bar, that might be what is meant by "counterfeit chocolate", similar to "counterfeit handbags". Yes, it is probably more accurate to say "counterfeit brand-name chocolate".

[@brendancurtin679]

Here “counterfeit” = trademark infringement, not fake chocolate.

[@Kaede-Sasaki]

@@jebeda I'd eat a hurshey bar or a linkor truffle if it tasted good and were cheap 😂

[@Kaede-Sasaki]

Error 404

[@Kaede-Sasaki]

Disappearance protection

[@deadcarbonboy]

The mans called Nike "nye-k" and worried about the Chinese pronunciation haha

[@srdjan455]

Talking about the candy shops at the start of the video got me thinking, I saw a lot of them in Amsterdam. Should I assume they are part of money laundry scheme?

[@slivnik]

So when someone commits money laundering by splitting a $99,000 wire transfer into ten $9,900 transfer, can you explain to me which bit of it is placement, which bit is layering & which bit is placement? And how do money laundering checks where someone provides to a bank a copy of a passport & utility bill give the bank information necessary to determine whether the money is legitimate or not & to determine whether placement, layering or integrarion is taking place? I cannot work out the connection between your definition of money laundering & aspects of it (and prevention methods) most often encountered by an ordinary person.

[@sushmajoshi8666]

You're equating old fashioned barter as money laundering when explaining hawala.

[@jeronimotamayolopera4834]

LEGALIZE EVERYTHING AND YOU WON'T HAVE TO LAUNDER MONEY.

[@meta-memes9060]

Crazy how that diamond is chump change compared to US weapons budget

[@keithhigh7773]

In Britain, have the candy stores been replaced by the proliferation of Turkish barber shops?

[@brianwhelan5382]

Weren't the Dutch East India the biggest opium dealers in their day or did you forget to mention this?

[@christopherellis2663]

Quite amusing. The things not taught in schools

[@Ivar-V]

A friend of mine was pretty sure he was working for a money laundering business. It was cash heavy. The thing is that it has to be fairly common. With the amount of drugs sold in the US and weapons sold back to the suppliers, where does all that money go? And maybe in the US at least its an underfunded part of law enforcement. My guess its bc the same laws might apply to the corporate oligarchs and their crony politicians.

[@jamesbarton1969]

In other words, governments decide what you can and can't buy and sell despite what people want and entrepreneurs, aka criminals, find a way around government restrictions usually at such high profits that the occasional loss was inconsequential.

[@waltersoares4264]

A crime with no victim. Be free friends

[@sohamdeolankar723]

I couldn't hear the background music at all

[@CaptainTechnical]

It was the Dutch East India Company. Not Denmark. 4:45 or so.

[@ms08gouf]

In before walpole mention

[@LeslieNice]

Excellent presentation. Although there are a couple of more details that would bring it all together. East india company was formed by the founding grandfathers Of america. They were exiled royalists. And indeed They possessed Absolut sovereignty, since c1206, by king John. They had the fastest ships, Long distance sailing, And survivability technology. Direct descendants of hospitalars and templars. Same family possessed numerous members of parliament and many Other positions of authority. And their patriarch coined the phrase. All men (aged 18-50yrs old) shall keep and bear arms For the purpose of an embedded national militia. Published anonymously, London 1745.

[@SunnyAquamarine2]

Nearly all, if not all businesses are just money launderers.

[@NASTYVIDS]

and who was win charge of all the diamond cutting, buying and selling ?

[@stevojohn]

The background music is a bit loud in places.

[@sirguy6678]

Great video!

[@mmaximk]

Wow! A whole £55,000 pounds worth of illicit goods - what a spectacular bust! That must cover what,, about one week's rent?

[@SomasAcademy]

This is the second video I've seen from this channel and the first was made 2 years ago, so now I'm just wondering at what point in the interim the host turned British

[@veronicalogotheti1162]

Thank you

[@timbimjim514]

Denmark didn't have an East India company. You meant Dutch.

[@HowHistoryWorks]

Denmark DID actually have an East India Company too, but yes we did mean Dutch.

[@timbimjim514]

@@HowHistoryWorks Every day's a school day.

[@JS-jh4cy]

No damn music

[@Tikoty]

You know the Dutch are not from Denmark, right?

[@JohnMaxGriffin]

Modern western democracy predates the French Revolution, which was not at all “modern western democracy”

[@yokothespacewhale]

The spiffing Brit puts out a video doing all but saying “this is how you launder money on steam” nearly annually. “Digital assets” in video games are probably where a massive fraction of illegal money transfers occur.

[@AricGardnerMontreal]

I think the modern money laundering works more because as long as you’re paying taxes on your illegal money by buying candy and then selling it out of a shop that you pay rent at and pay employees and blah blah blah they don’t care anymore

[@armorbearer9702]

It sounds like you are set for life as long as you do not get too greedy.

[@prof.shubhabratabasu6580]

Hawala is of medieval Indian origin

[@KastorFlux]

The music is way too loud. It's annoying me enough to stop the video.

[@preence4782]

That’s beautiful

[@gautamsatheeshnair9641]

Ngl I kinda like the voice of the other dude before not like this dude is bad but you know

[@CyY-vo3nb]

Good topic, frankly I had trouble watching, but I think with further work you'll get this down well

[@Black_Sun_Dark_Star]

And this is the trick bank are still using...

[@evanisnor8697]

The loud music ruins this otherwise decent video

[@nate8932]

looooooool. Aint no way that this dude called the french revolution the cornerstone of modern democracy🤣

[@ALISAJJAD928]

Why no one talk about Switzerland black money market

[@theguywiththewhistle]

THE MUSIC IS TOO LOUD 🫨

[@lorrylivingston4896]

Who were these merchants?...

[@manveensingh3494]

Where is the original voice ?

[@bosshog36]

I thought crypto was the only money laundering in the world ?

[@sourabhmayekar3354]

Awesome

[@arthurbister8894]

Why the music ? Thumb down

[@jagdeepsandhu9659]

Hawala " is INDIAN in origin ,not Chinese and dates back to Silk route trade . And not 2000 yrs old .

[@itoxotaxatix]

Kalau di Indonesia mah jualan skincare. Tiba2 banyak banget dan tiba2 kaya2 semua 😂😂😂... Orang waras akan tahu there's something fishy

[@hunterrichards2326]

4:43 was that supposed to be the Dutch or do I have a new history rabbit hole to jump down?

[@JimPalmer-i1s]

Is was unable to finish watching thsi video because the background music was so loud I couldn't concentrate on what you were saying. Why the hell do you put on background music at all? It's a particular problem for people like me whose hearing is not 100%.

[@chieftain5571]

Horrible, distracting soundtrack. At least moderate volume of soundtrack.

[@stevem6259]

Danish East India Co.? If you can't get a simple fact like this right, how much else in your 'educational' video is plain wrong. 0/10. Time to go back to history class.

[@harrycebex6264]

Background music is most annoying.👎

[@loganhall3769]

Im wondering how much that 28000 could be in today's money?

[@salguodrolyat2594]

At least 100 times.🤔

[@nurainiarsad7395]

which bank helped launder the stolen sovereign reserve gold from libya and iraq?