Kevin Kwan Quotes

The Latin American debt that reached crisis levels from 1982 would have been sharply reduced by return of flight capital - in some cases, overcome, though all figures are dubious for these secret and often illegal operations.

Reliable numbers about the amount of dirty money around the world are difficult to come by. But according to an estimate by the nonprofit Global Financial Integrity group, $1 trillion vanishes from the developing world's economies every year.

There will be more [political] scandals. There is too much money around …. It is legal for an American subsidiary corporation owned by the Chinese Army to make a major contribution to an American political party.

London's central role in the financial market would be undermined if wealthy foreigners did not want to come here.

The rest of the world wants our cash; we like plastic.

The model today is that as much as 70 percent of the financing of the picture would come from overseas. Now we're beginning to run out of suckers, because there are not that many people overseas who are willing to put up more than half the money for a movie.

As far as oligarchs who acquire sports team abroad, and invest money abroad, I wouldn't treat this phenomenon as something bad.

We have never heard of laundering in Macau; money laundering is unheard of. Mind you, my casino, every bit of money - someone says Stanley Ho, you issue me a check of so much money - we don't give that easy.

Those who take their money abroad in an effort to avoid paying American taxes should lose their American citizenship.

The left is being funded primarily by the drug traffickers who provide this tax money and that's why the guerrillas in Colombia, unlike the guerrillas anywhere else in Latin America, have been able to survive for 40 years because they have a hard, solid source of income.

The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more.

I think money laundering is giving oxygen to organized crime.

People tend to buy dollars when there is a political disturbance elsewhere in the world.

Money is the lifeblood of terrorist operations.

Currency trading is unnecessary, unproductive and totally immoral.

All Nations endeavor to get the [foreign] Exchange as much as they can on their side.

Many of the worst crises occur when there is a financial collapse in a country with pegged exchange rates. Both successful and unsuccessful defenses of a pegged exchange rate require large expenditure of foreign exchange reserves that could be used for investment or consumption. Both also require strong deflationary measures that severely reduce income, wealth, and living standards.

To prohibit the Exportation of Money, in that it is a thing almost impracticable, it is almost nugatory and vain.

Why attempt to keep drugs out of the country, or prevent them from being sold? After all, police can't be everywhere at once. Since choices have to be made, it will be tempting to let the drug trade proceed unmolested, then just go after the cash.

Those involved in organized crime are generally motivated by one thing–profit. Huge sums of money are generated through arms smuggling, trafficking of human beings and narcotic substances, and financial crimes. These monies are laundered so that they have the appearance in our financial system of the proceeds of legitimate business activity.

American investors [abroad] receive an interest return higher by at least 2 percent on the average than they would receive from similar government or industrial investment within the United States …. It is obvious that they are taking a correspondingly greater risk. A considerable portion of this investment is in areas (as in parts of Latin-America) where political unrest is chronic and where legislation changes rapidly, or in areas in which there is a serious possibility of war or bankruptcy.

We know India is very focussed on black money; it is a very high-focus subject and we have been very careful to make sure the investments into India are legitimate. There is no 'round-tripping' or hot money or bad money being funnelled through Singapore.

Cyprus has a reputation as a laundromat for the Russians who are trying to avoid sanctions.

Angolans who repatriate overseas funds and invest in the economy, companies that generate goods, services, and jobs won't be harassed. No questions will be asked about why their money was abroad, and they won't face legal prosecution.

Trudeau claims he's wary about Chinese espionage, but also says there's nothing wrong with Chinese state-owned enterprises buying up as much of Canada's resource sector as it likes.