TED Talks Daily

What you can do to stop economic crime | Hanjo Seibert

14 snips
Apr 16, 2024
Hanjo Seibert, a financial crime fighter, tackles the pervasive issue of economic crime. He explains the realities behind money laundering, fraud, and cybercrimes, often more complex than their cinematic portrayals. Seibert shares practical strategies for individuals to combat these issues, emphasizing the importance of consumer awareness and transparency in luxury purchases. He encourages collective action to disrupt the underground economy, highlighting how we can all contribute to stopping financial crime.
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ANECDOTE

Cash and Hackers

  • Movie plots often depict criminals exchanging suitcases of cash for weapons or hackers transferring millions.
  • Hanjo Seibert confirms these scenarios exist in real-life economic crime.
INSIGHT

Economic Crime and Money Laundering

  • Economic crime encompasses various illegal activities, all requiring money laundering.
  • Money laundering disconnects the money from the crime, obscuring its origin.
ANECDOTE

Sports Clubs and Money Laundering

  • Criminals can launder money through sports clubs by inflating ticket sales.
  • Hanjo Seibert advises banks on financing sports clubs while avoiding criminal involvement.
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