Monaco's Mafia: A Money Launderer's Paradise (2001)

Mafia Connections (2002) - Is Monaco about to become a fully fledged Mafia state? It's something concerning many security officials, who question Prince Albert's ability to rein in gangsters.
Subscribe to Journeyman here: kzbin.info_c...
Apparently the Russians are coming to Monaco, bringing with them suitcases full of cash - the loot from asset stripping, gun running and drug trafficking. They can come to Monaco safe in the knowledge that Monaco residency and banking secrecy makes them virtually untouchable.
For more information, visit www.journeyman.tv/film/1260
Like us on Facebook: / journeymanpictures
Follow us on Twitter:
/ journeymannews
/ journeymanvod
Follow us on Instagram: / journeymanpictures
ABC Australia - Ref. 1260

[@fettlemaster]

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]

So why are you living in Monaco?

[@fettlemaster]

@@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]

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]

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

[@noorclean2915]

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.

[@rizalukman7982]

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

[@VincentHaseth]

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?

[@vladsnape6408]

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]

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]

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]

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.

[@susettesantiago5509]

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?

[@DrKooBot]

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

[@walterlewis3568]

Gangsta's Paradise - Coolio

[@lliamjurdom9505]

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]

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

[@govindashyamsundar]

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

[@izeesh]

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

[@peterbradshaw8018]

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

[@simplemind7]

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

[@Misterz3r0]

Completely irrelevant

[@funshit2801]

wow so edgy

[@pgkemper2011]

That is probably true.. sad but True:(

[@mehbkz]

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

[@martinleo1818]

MON(EY)ACO !

[@cjjuddaustralianartist]

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

[@philipthomey7884]

Farraris and face-lifts. Bahaha

[@mickysanchez5511]

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

[@financeminister1084]

Why is a lawyer divulging information about his clients?

[@fisnikramadani4147]

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]

Why is a minister interfering in the private sector?

[@financeminister1084]

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

[@nathaliedufour3891]

Behind every great FORTUNE lies a great CRIME.

[@oscargj2364]

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]

Aha, starting with US oligarchs

[@dr.perfectsmile4175]

Hi, I had a company in Monaco for few years and lived there, I’m searching for an KZbinr 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 .

[@alasdairblackmore2592]

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) ...

[@georgesmajerus3272]

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

[@aitornavarro6597]

2:11 onward what is that piece called??

[@lilianinafrica2243]

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]

The new real estate is only to supply demand

[@lilianinafrica2243]

@@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.

[@melianna999]

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

[@aclem8246]

The end of Monaco.

[@calvinmayes5314]

Join the Club Money Co.

[@simp2234]

Join club illuminate

[@lailaata2542]

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

[@coinstacks2455]

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

[@northpaw80]

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

[@fredliu5066]

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

[@taidelek9994]

What about swiss banking system?

[@pmf598]

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

[@lumbreras9007]

Whats the songs?

[@pgkemper2011]

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

[@eugenemasuda1463]

Instant pot

[@Jessrobbie]

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

[@kellijones-]

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

[@pierogallo132]

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]

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

[@Ayasha_khan]

Greetings from Saudi arabia

[@kellylogan9872]

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

[@globalonemusic2381]

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".

[@birdyelke775]

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

[@whiteangel2189]

Oh No 😨

[@simp2234]

🤣🤣🤣🤣America

[@briza2022]

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

[@rory4605]

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

[@fisnikramadani4147]

-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

[@johnobrien8398]

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.

[@homodeus8713]

Nothing is crumbling.

[@simp2234]

The government crumbling no

[@jeroenjansen2709]

Why focus on the Russians?

[@alistairharlond3293]

2:06 Random Belly flash LMFAO

[@Spiritueli]

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

[@turbine6338]

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

[@bigbandguru]

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

[@whiteangel2189]

It's just the bad side of the world

[@waqarkhan25]

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

[@shlmel]

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

[@mikep4823]

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.

[@Prhbuild]

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

[@touchofgrey5372]

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

[@team3383]

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".

[@gd8407]

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.

[@pupikatz8442]

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!

[@ercinaktas875]

Lets start operation

[@swaybryan524]

God bless all Mafias…..

[@hubertusvenator5838]

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.

[@azariah15]

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]

greedy sob

[@azariah15]

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

[@pmccoy5511]

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

[@azariah15]

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

[@pmccoy5511]

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

[@josephcampbell4724]

Mafia

[@belayaget]

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

[@willianrivera8250]

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

[@user-vv7rr3ls9i]

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

[@garyhowtobluetoothjblheadp3583]

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

[@susanarsoniadou3588]

Let them eat cake amd go to Dubai

[@wasilus]

What a BS!

[@valentinoitalis5203]

GREAT RUSSIA IS GREAT....

[@coding7196]

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

[@PREDATOR07]

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

[@WhiteAngel14ProMax]

🇲🇨♥️

[@brandobee2264]

Do Monaco people like black people?

[@Ali01007]

Brando bee as long as you wealthy.

[@86Rosalina]

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

[@babyboasty6033]

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

[@86Rosalina]

@@babyboasty6033 Ever hear of the one drop rule?

[@illberightback5015]

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

[@melaniamonicacraciun9900]

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

[@barakaabey1744]

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]

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]

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

[@lenaely6146]

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

[@pmccoy5511]

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

[@nightlightabcd]

I wonder if Trump is involved with this!

[@CAJ1001]

WTF HAHA

[@simp2234]

🤣🤣🤣🤣USA tooo much in debt

[@karenmetz4500]

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]

🤔

[@dubjohnston]

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