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A comment on A Chinese American gangster transformed money laundering for drug cartels. Parent comment

Re:A Chinese American gangster transformed money laundering ... by nl on Saturday October 15, 2022 @03:45AM (#33212703)
> For example, many funds (sequoia, light speed, etc) maintain separate independent China funds to which the Chinese are restricted.

Indeed. And look at the valuations those specific funds pay.

> It should be obvious to say, but a Chinese person cannot easily get wealth out of the country using a Chinese investment fund.

It's not easy for a rich person to move $100M either.

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Re:A Chinese American gangster transformed money laundering ... by fragmede on Saturday October 15, 2022 @06:27PM (#33219238)
What challenges are there in moving that kind of money around? I imagine if you're that rich you have a private banker that deals with any AML reporting that has to be done on $100M
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