插圖來源：
https://in.pinterest.com/pin/dubai-building-png-image--3096293487309407/
「錢志敏 55 億英鎊洗黑錢案」vs 「陳志 105 億英鎊洗黑錢案」
Recap: 「騙徒版購屋通」的操作方法：騙徒把中國境內的犯罪收入（來自詐騙）跨國轉移，部份轉換成外國物業。過程中，比特幣 (Bitcoin) 扮演中轉站的角色，是銀行體系以外的地下轉錢管道。「錢志敏案」和「陳志案」中，被西方國家執法部門沒收的比特幣其實是騙徒用剩的犯罪收入，即是來不及轉換成外國物業的黑錢。那麼犯罪收入的總額有多少？自己想。單是用被沒收的比特幣 (Bitcoin) 的價值做比較，是略嫌偏頗和不夠全面，但是足以令讀者明白犯罪集團的規模有幾龐大，以及犯罪集團背後的靠山有多厲害，層次有多高。對，水很深。
共通點：犯罪收入轉換成多個位於英國和杜拜的高級物業
現階段還沒有犯罪集團所持有的全部外國物業的完整資料和數據，但是上述兩宗洗黑錢案都有另一個共通點：騙徒及其同謀都把犯罪收入轉換成多個位於英國和杜拜的高級物業，過程中牽涉多間空殼公司（或門面公司）及人頭，形成一個非常龐大而且複雜無比的網絡。為什麼是英國？騙徒想享有英式資產保障制度所帶來的各種好處。但是兩宗案件中，犯罪集團所持有的英國物業已經被執法部門凍結，即是騙徒稍後會被英國割韭菜。為什麼是杜拜？請參考《延伸閱讀》部份所提供的OCCRP (Organized Crime and Corruption Report Project ) 及 ICIJ (The International Consortium of Investigative Journalists) 調查報導。OCCRP 最新發表的調查報導指出：
- 協助 Qian Zhimin（錢志敏）洗黑錢的馬來西亞華人 Ling Seng Hok 在杜拜持有兩個總值 $725,000 （美元）的物業，購入日期分別是 2021 年 11 月和 2022 年 9 月。他跟錢志敏在 2024 年 8 月在英國被捕，預計兩人在今年 11 月被英國的法庭判刑。
- 與陳志（提示：太子集團）一起被美國財政部開名及制裁的 Zhu Zhongbiao 在杜拜購入最少 29 個高級物業，而他的妻子 Wang Xiaoyan 在倫敦購買了 5 個高級物業，購入時間是 2021 年至 2022 年間。Wang Xiaoyan 持有的物業暫時未被凍結，估計值 $6 million（美元）。她沒有被英國和美國的執法部門制裁，根據公開的資料未跟 Zhu Zhongbiao 離婚。
- 陳志及有關人等在倫敦持有 19 個物業，已經被英國的執法部門凍結，其中包括一個價值 $16 million（美元）的豪宅以及價值 $133 million（美元）的辦公大樓。
華人愛磚頭，騙徒也不例外。至於如何利用外國物業洗黑錢，具體的操作方法請參考《騙徒版購房通
Part 1》的《延伸閱讀》部份所提供的英文參考資料。
新加坡執法部門破獲的福建幫特大洗黑錢案
如果讀者記得 2023 年 8 月中新加坡執法部門破獲的福建幫特大洗黑錢案（被凍結的資產總值 22 億美元），會發現案情的相似之處。案中被捕的十名福建人被 OCCRP 的調查報導發現不但在杜拜擁有物業，並且經營地產代理生意，又跟皇室家族和主權基金持有股份的地產商合作，神通廣大。那個犯罪集團的收入來自電騙（提示：福建安溪縣）。陳志也是福建人，他的同謀也擁有杜拜物業，說明福建幫口味相同。詳情請參考《延伸閱讀》部份提供的 OCCRP 及《新加坡海峽時報》的聯合調查報導。OCCRP 和 ICIJ 都指出，杜拜是中東的洗黑錢中心，吸引逃避制裁的中國及俄羅斯資金，令當地的高級物業成為洗黑錢管道。
特權階級 vs 平民百姓
「陳志+太子集團」令福建幫再次揚威國際。至於福建幫背後是什麼人，自己想。
從老百姓的角度來看，上述三宗洗黑錢案（錢志敏、陳志+太子集團、新加坡的福建幫）帶出一個更深層的問題，就是：特權階級 vs 平民百姓的「理財之道」，又或者應該叫「雙軌制生活模式」。
特權階級的白手套不但坐擁巨額金錢（注意：那是平民百姓 N 輩子也賺不到的天文數字），而且有辦法避開外匯管制，把黑錢跨國轉移（潤出國），然後轉化成外國物業，出售之後變成合法資金，存放於外國的銀行系統之內，方便日後使用、儲存或投資（錢生錢）。而有本事割白手套韭菜的，是美國、英國及新加坡的執法部門。白手套割完老百姓的韭菜之後，被西方國家的執法部門割韭菜，天理循環，報應不爽，對不對？美國果然是「世界警察」，網民這樣總結。
老百姓的窮孩子乖乖地讀書考試打工，然後找不到工作。而不懂投胎的年輕人就算找到工作，做牛做馬所賺取的微薄收入因為跟人民幣綁定了，要轉移國外也很困難。老百姓在銀行體系內的存款金額只夠在中國分期付款購房，然後房子因為地產商債務爆雷成為「爛尾樓」（提示：恒大），小市民背負債務兼無處容身，嗚呼。官府擔心引發「群眾運動」於是叫銀行發放貸款「保交樓」（即是犧牲銀行的利益）。地產商把債務留在中國，騙到的錢已經轉移外國。對，跟當權者一樣。
社會嚴重不公，跟權力體制有什麼關係？這樣的國家還有什麼前途？還可能累積財富嗎？還有足夠的資源進行產業升級嗎？年輕人還看得見希望嗎？
於是乎，錢要潤 (Run)，人也潤 (Run)。
延伸閱讀／參考資料：
Alleged Member of ‘Notorious’
Cambodian Scam Network Bought Luxury Dubai Properties
Reported by
Martin Young
OCCRP
October 17, 2025
Excerpt: An executive who allegedly played a key role in one of Asia’s biggest crime organizations — which was hit with U.S. and U.K. sanctions this week — purchased at least 29 prestige properties in Dubai, while his wife bought five luxury apartments in London, real estate data shows.
Zhu Zhongbiao was targeted in part of a sweeping sanctions package announced by both the U.S. Treasury Department and the U.K’s Foreign, Commonwealth, and Development Office on October 14. Treasury accused Zhu of being a part of an alleged multi-billion scam and money laundering empire called the “Prince Group（太子集團）Transnational Crime Organization.”
The U.K. Office of Financial Sanctions Implementation alleged in its announcement that Zhu “is or has been involved in the operation of scam centres in Cambodia, including through the Jin Bei group of companies.”
Zhu is listed in Cambodian company registries as the chairman and owner of Jin Bei Group Co Ltd, and all of its multiple corporate subsidiaries. American authorities say Jin Bei Group owns a string of casinos that have allegedly hosted multiple scam compounds. Treasury called Jin Bei’s compounds “among the most notorious of those owned by Prince Group” that engaged in scamming, extortion, and forced labor. Zhu is separately wanted by Chinese law enforcement for charges related to money laundering, Treasury said.
Authorities in the U.S. and U.K. allege that chairman of the Prince Group, Chen Zhi（陳志）, is the leader of the scam and money laundering network. Chen’s whereabouts are unknown. He has held citizenship in China, Cambodia, Vanuatu, St. Lucia and Cyprus, according to the indictment, and lived part time in the U.K.
British authorities said they had frozen 19 London properties held by “the leader of the network, Chen Zhi, and his web of enablers,” including a mansion worth $16 million and an office building worth $133 million.
Authorities in the U.K. and U.S. sanctioned several people who they alleged were Chen’s associates. These include Zhu, who also poured money into real estate, according to leaked Dubai property data obtained by OCCRP. The properties owned by Zhu in Dubai, and his wife in the U.K., have not previously been reported.
Passports and Property
Zhu acquired Cambodian citizenship in 2017, and changed his name to “Zhu Jack”. He subsequently acquired Cypriot citizenship in September 2018 along with his spouse Wang Xiaoyan, Cyprus records show Last year, however, a Cypriot government spokesperson reportedly announced that it would revoke the passports of Zhu, his wife, and their child, after an investigation by the country’s Interior Ministry.
Zhu was also a resident of Dubai, UAE records show. He is recorded as last leaving the country in May 2025.
According to Dubai property ownership and tenancy contract data reviewed by OCCRP, Zhu has purchased at least 29 properties in Dubai. He bought most of them between 2019 and 2022. OCCRP could not verify whether he has since sold some of these properties.
Most of Zhu’s Dubai purchases were conducted between 2019 and 2022, after he became chairman of Jin Bei Group in 2018. Dubai tenancy contract data also show that at least 27 of his properties have been officially leased at various points up until 2024, and have been generating rental income.
Wang’s properties are collectively worth at least $6 million, including apartments on the 59th floor of the Landmark Pinnacle in Canary Wharf. She has also invested in three units of a residential development adjacent to the former Battersea Power Station, U.K. property records show.
Wang Xiaoyan did not reply to requests for comment sent to a London company services provider, where Fuheng Wang Group rents an office. The company’s secretary confirmed that Wang rented an office but that she had never seen her in person.
Wang has not been sanctioned by either the U.S. Treasury or the U.K. government. She was listed as Zhu’s wife in the couple’s 2018 application for Cypriot citizenship, and there is no indication that they have since divorced.
Zhu has at least four U.K. companies that were incorporated at the same London residential address as Fuheng Wang Group, although their business purpose and asset profile remain unclear.
Global Operation
According to U.S. government estimates, Americans lost $10 billion to Southeast Asia-based scam factories in 2024. Those run out of Prince Group sites were “particularly significant," Treasury said.
The U.S. Department of Justice has seized some of the alleged profits from those scams — totalling $15 billion worth of Bitcoin cryptocurrency — which it called its “largest ever forfeiture action.”
In its indictment, the justice department noted that the Prince Group had “assistance from local networks,” including one called the “Brooklyn Network,” operating out of New York. The trial has not yet started.
Members of the Brooklyn Network “facilitated an investment fraud scheme perpetrated by scammers at Prince Group's Jinbei Compound,” according to prosecutors. Victims thought they were making legitimate investments, but deposited funds into accounts of companies that were allegedly controlled by the Brooklyn Network.
That was just one node in “a complicated network of over 100 shell and holding companies all around the world” that the Prince Group used to launder illicit money, Treasury said in its statement this week.
The Prince Group controls shell companies in the British Virgin Islands, the Cayman Islands, Mauritius, Taiwan, Hong Kong and Singapore, according to Treasury. The group also has investments in Laos and the Pacific island nation of Palau.
While the Prince Group’s network stretches across the world, its nucleus is in Cambodia. Through various companies, the operation allegedly “comingles illicit revenues with the legitimate Cambodian economy,” Treasury said.
Zhu — the owner of Dubai properties — allegedly plays a key role in the Prince Group in Cambodia, according to Treasury. Among other corporate roles, he is director of Cambodian Heng Xin Real Estate Investment Co. Ltd., which is involved in the Prince Group’s “scam business,” Treasury said.
Zhu now faces both
sanctions and legal charges, as government authorities follow the Prince
Group’s multi-billion dollar worldwide paper trail. But with his high-end
properties and multiple passports, he still might have many places he can go.
EXCLUSIVE: Defendant
in Record UK Crypto Seizure Case Bought Dubai Properties
News
Leaked data shows
Ling Seng Hok bought two luxury properties in Dubai. A couple years later, he
was arrested in the U.K. for moving proceeds from a massive investment scam in
China.
Reported by
Martin Young
October 9, 2025
Excerpt: Ling Seng Hok, a Malaysian living in the U.K., pleaded guilty on September 30 for helping Chinese national Qian Zhimin（錢志敏）move the proceeds of a fraudulent investment scheme, which targeted 128,000 victims in China. Qian, who pleaded guilty to playing a leading role in the scam, had converted the profits into Bitcoin.
The London Metropolitan Police said in a public statement that Qian fled from China to the U.K., where “she attempted to launder the proceeds via purchasing property.” London police did not elaborate on the property purchases. However, police spokesperson Hannah Kilminster told OCCRP they “are aware of the properties” that appear in the leaked Dubai real estate data.
Police declined to comment further on their investigation. The seven-year ongoing investigation led to the seizure of Bitcoin assets now worth about 5.5 billion pounds ($7.3 billion), which police said was a global record.
Dubai real estate data shows that Ling bought two properties at a luxury development in the Gulf emirate in November 2021 and September 2022, for a combined total of about $725,000. Records show that he sold the second property five days after purchasing it, at a profit of $63,000.
Police said in their statement that they had been surveilling Ling who was based in the central England county of Derbyshire. The surveillance alerted them to the presence of Qian. Both were arrested in April 2024, and police seized assets including encrypted devices, cash, gold, and further cryptocurrency.
The pair are due to be sentenced in November.
OCCRP– About Us
https://www.occrp.org/en/about-us
OCCRP (Organized Crime and Corruption Report Project) is one of the largest investigative journalism organizations in the world, headquartered in Amsterdam and with staff across six continents. We are a mission-driven nonprofit newsroom that partners with other media outlets to publish stories that lead to real-world action. At the same time, our media development arm helps investigative outlets around the world succeed and serve the public.
Founded by
investigative reporters Drew Sullivan and Paul Radu in 2007, OCCRP began in
Eastern Europe with a handful of partners and has grown into a major force in
collaborative investigative journalism, upholding the highest standards for
public interest reporting.
Britannica - Dubai emirate, United
Arab Emirates
https://www.britannica.com/place/Dubai-emirate-United-Arab-Emirates
（推介原因：杜拜的基本資料。）
DUBAI UNLOCKED
Published May 14,
2024
Excerpt: With a reputation for financial secrecy, low taxes, and an ever-expanding spread of valuable real estate, the city is an appealing option for those looking to launder or hide cash.
Thanks to a new leak of property records, reporters have identified scores of individuals from around the world who own property in Dubai, and whose holdings we believe to be in the public interest to reveal. They include alleged money launderers and drug lords, political figures accused of corruption and their associates, and businessmen sanctioned for financing terrorism, among others.
Dubai Unlocked, an investigative project involving more than 70 media outlets around the globe, is the most up-to-date look yet at who owns what in the Middle Eastern city.
（推介原因：這是導讀。OCCRP
的全名是 Organised
Crime and Corruption Reporting Project，是個跨國調查記者組織。被公開的杜拜物業登記記錄稱為 Dubai Unlocked。然後多國的調查記者開始查證文件上的人名，發現杜拜的地產市場是被通緝的外國罪犯或被制裁人士的洗黑錢熱點。）
Dubai Uncovered: Data
Leak Exposes How Criminals, Officials, and Sanctioned Politicians Poured Money
Into Dubai Real Estate
by Matthew Kupfer
(OCCRP) and Eiliv Frich Flydal (VG)
3 May 2022
（推介原因：Dubai Uncovered 是 Part 1，Dubai Unlocked是 Part 2。）
Dubai ‘asks few
questions’ about dirty money flows, report says
A range of criminals,
corrupt politicians and money launderers call Dubai home or operate from inside
its glistening towers, according to a new report.
By Will Fitzgibbon
Image: Michaela
Loheit via Flickr (CC BY-ND 2.0)
ICIJ (July 10, 2020)
Excerpt: Dubai is one of the world’s worst dirty money hotspots, according to a new report. From Nigerian kleptocrats to Mexican narco traffickers, a range of criminals, corrupt politicians and money launderers call Dubai home or operate from inside its glistening towers, according to the report by the Carnegie Endowment for International Peace. Dubai is one of seven territories that form the United Arab Emirates.
The report criticizes allies of the UAE, including the United States and the United Kingdom, who “turn a blind eye” to Dubai’s lax controls in deference to its importance as a defense and trading partner. The UAE embassy in Washington, D.C., did not immediately reply to a request for comment on the report.
The report cites investigations by the International Consortium of Investigative Journalists (ICIJ), including the Panama Papers and Luanda Leaks, that show Dubai as “a place where many people associated with criminal activity feel free to settle down.” Offshore specialists previously exposed by ICIJ investigations, including Mossack Fonseca, Conyers and Asiaciti, have or had offices or representatives in Dubai.
（推介原因：ICIJ 五年前已指出杜拜是中東的洗黑錢熱點，美國和英國是幫兇。The International Consortium of Investigative Journalists, ICIJ 曾經多次公開離岸公司文件，把那些文件交由多國的調查記者跟進，代表作：Panama Papers, Pandora Papers。ICIJ 背後的美國公共誠信中心 (Center for Public Integrity)，金主是國際大鱷索羅斯 (George Soros)。索羅斯戰績彪炳，利用在金融市場賺來的錢，資助共產黨的對頭人，中國和俄羅斯的領導人首當其衝，被 ICIJ 爆陰毒，理所當然。索羅斯曾經沽空港元，他每次開腔評論中國經濟都令中共官媒非常緊張。ICIJ 承認索羅斯是其中一位捐款人，但是沒有交代他佔捐款總額的比例。因為牽涉索羅斯，香港的財經媒體對 ICIJ 發表的調查報告低調處理或避而不談。）
Dubai
Unlocked
By OCCRP
and The Straits Times（新加坡海峽時報）
Excerpt: Despite being a wanted man in China, Su Jianfeng (蘇劍鋒) was able to buy 10 apartments and two villas in Dubai, properties now collectively worth at least $15 million. He was also behind a successful real estate brokerage that partnered with Dubai’s largest property developer, Emaar Properties PJSC, which is part-owned by the emirate’s sovereign wealth fund and the Dubai ruler’s investment vehicle.
But in 2023, Su Jianfeng (蘇劍鋒) was arrested in a dramatic police raid on an alleged money laundering ring in Singapore. The raid led to the seizure of more than $2.2 billion in assets — among them $170 million worth of assets belonging to Su Jianfeng (蘇劍鋒). The 36-year-old is presently detained in Singapore and awaiting trial for charges of money laundering and fraud.
Many of the other alleged money launderers in the ring are under age 40 and all hail from Anxi County（安溪縣）in Fujian province（福建省）, China — an area notorious as a hub for cyber scam gangs. Authorities in Singapore have so far not seized overseas assets of any suspects in the alleged money laundering ring. Su Jianfeng (蘇劍鋒)’s ability to invest in Dubai and part-own a brokerage raises questions about the UAE’s notoriously light-touch approach to due diligence.
Click to read our
full investigation, with The Straits Times（新加坡海峽時報）
（推介原因：2023 年 8 月中被新加坡警方逮捕的福建幫洗黑錢集團成員被 OCCRP 發現不但在杜拜擁有物業，並且經營地產代理生意，又跟皇室家族和主權基金持有股份的地產商合作，神通廣大。這是撮要，外國人的讀後感：I wonder if any
Singapore banks/lawyers facilitated these transactions. ）
EXCLUSIVE:
Singapore Money Laundering Suspects Spent Lavishly on Dubai Real Estate
News
Suspected members of
a massive Singapore money laundering syndicate snapped up almost $30 million in
Dubai properties, leaked data shows.
Reported
by
Martin
Young
December 19, 2024
Excerpt: Singaporean authorities have announced 17 new suspects in their sprawling investigation of a money laundering network, which cleaned billions reaped from illegal gambling and cyberfraud. Leaked data shows that three of those suspects bought properties worth at least $28 million in Dubai, which has become a magnet for dirty money from around the world.
Courts in Singapore have already convicted 10 members of the money laundering syndicate. They were arrested in August 2023, when more than 400 officers swept in on multiple locations throughout the Southeast Asian island state.
Prosecutors said shortly afterwards that they had seized $1.32 billion in cash, cryptocurrencies, and assets including luxury properties and jewelry.
OCCRP previously reported that some of those convicted in the case had bought up almost $60-million-worth of properties in London, as well as real estate totalling about $30 million in Dubai.
Now, Dubai property data obtained by OCCRP reveals even more investments by suspected members of the money laundering ring: Wang Bingang, Chen Zhiqiang, and Ke Wendi. All three are Chinese, but like most convicted members of the Singapore money laundering ring, Chen Zhiqiang and Ke Wendi acquired Cambodian citizenship.
The leaked Dubai data shows that the suspects purchased at least 22 properties worth a combined $28 million at current exchange rates. Most of the transactions took place between 2021 and 2023, when the Singapore-based money laundering ring was active.
OCCRP’s recent Dubai Unlocked investigation, which involved more than 70 international media outlets, showed the extent to which the Gulf emirate’s real estate sector has been flooded with suspicious funds. The new data — which was obtained after Dubai Unlocked — reveals luxury real estate purchases by Wang Bingang and a woman who is reported to be his wife, though she is not a suspect in the Singapore investigation.
They spent over $14 million in 2023 on five adjacent units on the 43rd floor of Seapoint Tower. The 57-story skyscraper faces Palm Jumeirah, a man-made archipelago shaped like a palm tree that fans out from Dubai's coast.
The whereabouts of Wang Bingang, Chen Zhiqiang, and Ke Wendi are unknown, and the names of their lawyers have not been made public. OCCRP attempted to reach them via emails sent to agencies that registered their companies, but received no responses.
Singaporean police said they have already dealt with “15 of the 17 foreign nationals’ cases,” although they didn’t specify which of the new suspects they were referring to.“They have been barred from returning to Singapore,” police said in their statement. The 15 suspects “agreed to surrender” about $1.37 billion in assets to the government. That’s in addition to the $1.32 billion in assets that authorities confiscated last year.
The seizures would
only apply to assets within Singapore. Police did not respond to a request for comment on
whether they have asked UAE authorities to help seize properties uncovered by
OCCRP in Dubai.
How Dirty Money Finds
a Home in Dubai Real Estate
By OCCRP and E24
14 May 2024
https://cdn.occrp.org/projects/dubai-unlocked/en/#database
Excerpt: But the key was a set of policies that enticed foreigners from around the globe, including laws that made it easy for them to purchase real estate and the creation of free-trade zones with major tax exemptions. Today, Dubai's property market is one of the world's hottest, and foreigners make up more than 90% of the population.
But behind the glittering facade is another factor that aided the city’s rise: Dubai’s high-rises and villas have served as a safe haven for some of the world’s most wanted criminals, due in part to the secrecy its real estate sector affords.
The city’s property records are difficult to obtain and cannot be easily searched. In some cases, even international law enforcement officials have been unaware that people in their sights owned property in Dubai, one of seven emirates that make up the United Arab Emirates. But thanks to a new leak of data, reporters have identified scores of alleged criminals, individuals facing sanctions, and political figures accused of corruption who have owned property there.
WHY DUBAI?
Dubai is far from the only place where criminals and others looking to stash their wealth have been able to scoop up properties — New York City and London real estate have also been known to attract dirty money.
But experts interviewed by OCCRP said there are several factors that strengthen Dubai’s appeal, particularly for those who are thwarted by sanctions from owning property in Western democracies, or are on the run from law enforcement. One pull factor, experts say, has been the emirate’s inconsistent responses to requests from foreign authorities for help arresting and extraditing fugitives.
According to Radha Stirling, an attorney and human rights advocate who leads the legal assistance organization Detained in Dubai, UAE authorities use high-profile fugitives as “bargaining chips.” “The presence of extradition agreements between nations are not necessarily key to whether or not people are extradited,” she said. “What matters is what Dubai wants in return and whether that nation has something they want enough to barter.”
Jodi Vittori, a professor at Georgetown University who studies corruption and illicit finance, described the inner workings of the authoritarian country’s justice system as opaque. “It is unclear why the UAE will work with some law enforcement in some cases to arrest criminals located in the UAE and in other cases, they do not,” she told OCCRP. “In many ways, the UAE is a law enforcement black hole.”
‘BAGS OF CASH’
In addition to its vast offerings of high-end real estate, Dubai holds another allure for those with ill-gotten cash to spend: the reputation among some of the city’s realtors for a few-questions-asked approach when it comes to the origins of investors' funds.
Between their status as politically-exposed persons (PEPs) or appearance on sanctions lists, the dozens of individuals found by OCCRP should have immediately raised red flags under any basic risk assessment.
John Christensen, whose U.K.-based organization the Tax Justice Network ranks the UAE as eighth in the world in terms of financial secrecy, described Dubai as host to “a range of professional enablers.” There are “lawyers, bankers and real estate practitioners who flout international requirements to report on suspicious transactions, and know the origins of the wealth of the clients they are serving,” he told OCCRP.
Emirati authorities have tightened regulations in recent years, particularly since the Financial Action Task Force (FATF), an inter-governmental anti-money laundering watchdog, placed the country on a “gray list” for its failures to effectively combat illicit money flows in 2022. After reportedly lobbying hard to get off the list, Emirati authorities were rewarded with good news in February: FATF welcomed “significant progress” and cleared the UAE from the extra monitoring.
But some experts have warned that the move was premature. According to a statement from UAE anti-money laundering authorities earlier this year, real estate agents, brokers, and corporate service providers have stepped up reporting of suspicious transactions since 2022, while the total value of fines imposed by regulators has increased threefold. But figures provided by a December 2023 government report show that the suspicious transaction reports filed by realtors and brokers between the second half of 2020 and the first half of 2023 would have only accounted for .002 percent of the total real estate transactions from the year 2022 alone. The current reporting regulations also only apply to property sales, leaving rental activities in the shadows.
In an undercover consultation in March with a salesperson from the leading Dubai real estate development firm Damac, SVT reporters were told they could pay in “bags of cash” or cryptocurrency to purchase a flat, and that they would face “zero question(s)” about their funds. “In properties you are not going to be questioned from any department…especially the developer himself. Anyone who wants to buy can buy,” the realtor assured them. He also described how pouring cash into real estate is one way to avoid questions from banks about the source of their funds. “There are people, they have cash… and they don’t know where to put it. They cannot put like 100 million dirhams ($27.2 million) in the bank. There will be hundreds of questions,” he explained. But, “if you sell the property and then you transfer all the amount in the bank account, then there is no problem, you will not be questioned from where you bring the cash to buy the property and then to put it in the bank,” he said. “You still have this option in Dubai. So why not use it?”
With a new war in the Middle East, some suspect that geopolitics is likely to lighten scrutiny on the UAE for the near future. The U.S. is hoping the UAE and other allies in the Middle East will help with the daunting task of rebuilding Gaza, and routing funding through a country on the FATF gray list could be seen as untenable. “The UAE’s facilitation of corruption, money laundering, and organized crime undermines larger Western efforts to fight everything from fentanyl to human trafficking to illicit financial flows,” said Vittori, the expert on corruption and illicit finance. “But it will be hard for Western governments to ask the UAE to rebuild Gaza and at the same time put pressure on FATF to put the UAE back on its money laundering gray list or otherwise sanction them.”
WHO’S IN THE DATA?
Learn more about the convicted and suspected criminals, people with political links and, sanctioned individuals who have owned property in Dubai.
Lin Baoying（林寶英）
Criminal suspect |
China
https://cdn.occrp.org/projects/dubai-unlocked/en/#183/lin-baoying
Lin Baoying is one of the 10 accused in Singapore’s largest money laundering case that happened in August 2023. Four of the 10 suspects have been convicted. Lin Baoying faces three charges and is awaiting trial.
Su Binghai
Other | China
https://cdn.occrp.org/projects/dubai-unlocked/en/#213/su-binghai
Entrepreneur reported to be a person of interest in an ongoing Singapore police investigation into an alleged $2-billion money laundering ring.
Su Bingwang
https://cdn.occrp.org/projects/dubai-unlocked/en/#216/su-bingwang
Other | China
Person of interest in ongoing legal proceedings related to $2 billion money laundering ring in Singapore.
Su Haijin (蘇海金)
https://cdn.occrp.org/projects/dubai-unlocked/en/#214/su-haijin
Criminal | China
Arrested in August 2023 for suspected involvement in Singapore’s largest money laundering case.
Su Jianfeng (蘇劍鋒)
https://cdn.occrp.org/projects/dubai-unlocked/en/#215/su-jianfeng
Criminal suspect |
China
Wanted in China for alleged links to an illegal gambling gang uncovered in 2017. In custody in Singapore facing six charges related to one of the city-state’s largest ever money laundering cases.
（推介原因：2023 年 8 月中，新加坡警方拘捕十名福建人，牽涉一宗特大洗黑錢案。被捕的福建幫洗黑錢集團成員被 OCCRP 發現不但在杜拜擁有物業，並且經營地產代理生意，又跟皇室家族和主權基金持有股份的地產商合作。至於福建幫背後是什麼人，自己想。）
Singapore Money
Laundering Suspects Invested Huge Sums in Dubai Property
Three people arrested in a raid on an
alleged money laundering ring in Singapore invested over $30 million in Dubai
real estate, leaked data reveals. One of the suspects, who was wanted in China at
the time, was behind a property broker that became a major sales agent for the
city’s largest real estate developer, part-owned by Dubai’s ruler.
Reported by
Martin Young (OCCRP),
Yan Z.H. (OCCRP), Tom Allard (OCCRP), The Straits Times
May 16, 2024
Key Findings
- Su Jianfeng (蘇劍鋒), in detention in Singapore awaiting trial for
charges of money laundering and fraud, is an owner of Dubai-based broker Fidu
Properties DMCC. That firm was part of the Fidu Property Real Estate Brokerage,
a top partner for Emaar Properties PJSC, which is part-owned by Dubai’s ruler.
- Su Jianfeng (蘇劍鋒) was able to
accumulate a property portfolio of his own, despite a 2017 Chinese arrest
warrant for alleged illegal gambling.
- Su Jianfeng (蘇劍鋒) and two other members of the alleged money laundering ring –– including one who has already pleaded guilty –– own over $30 million of Dubai real estate, some in projects developed by Emaar and brokered by Fidu.
Five other men, who are either named in connection with the Singapore case or wanted by Chinese police, also invested heavily in Dubai property. Three of them bought three adjacent floors of a skyscraper opposite the Burj Khalifa.
In an emphatic sign that ambitious young real estate brokerage Fidu Properties had made its mark in Dubai, the company’s logo was emblazoned along the length of the Burj Khalifa, the world’s tallest skyscraper. The honor in 2019 marked a rapid ascent for Fidu, which had been set up barely two years earlier. Its success was aided by a partnership with Emaar Properties PJSC, Dubai’s largest property developer that is part-owned by the Dubai ruler’s investment vehicle. Within a few months of opening its Dubai office in 2018, Fidu and Emaar struck a $100-million deal in one of the developer’s luxury projects, The Grand at Dubai Creek Harbour, according to press reports. By 2019, Emaar-built developments accounted for at least 90 percent of Fidu Properties’ sales, according to Fidu press releases.
But in August last year, Su Jianfeng (蘇劍鋒), a key figure behind Fidu, was arrested in Singapore in a dramatic bust of an alleged money laundering ring that has since led to the seizure of more than $2.2 billion in assets. Singapore police have charged 10 people with laundering the proceeds of illegal online gambling and scam operations across southeast Asia. Su Jianfeng (蘇劍鋒) was also the subject of a 2017 Chinese arrest warrant for illegal gambling. Six of the people arrested have already pleaded guilty and been sentenced. Su Jianfeng (蘇劍鋒) is in detention in Singapore awaiting trial.
Now, an investigation by OCCRP and The Straits Times（新加坡海峽時報）, based on leaked property data from Dubai, reveals that Su Jianfeng (蘇劍鋒) and two other people arrested in the money laundering case invested more than $30 million in Dubai real estate, through projects mostly developed by Emaar and brokered by Fidu.
Three other people named in connection with the case own properties worth over $40 million. One of them shares an address with two men who, like Su Jianfeng (蘇劍鋒), are wanted in China for illegal gambling, and they too own significant real estate assets in Dubai.
While the Singapore bust was widely covered, these Dubai property purchases have not been reported until now. As OCCRP went to press on Su Jianfeng was handed six new forgery charges, including allegations related to five properties in Dubai, of which three appear in the leaked records.
Taken together, the newly-discovered purchases involve over 100 properties, bought for more than $100 million in total, according to the leaked data. They include units comprising entire floors of the Grande Downtown, a luxury skyscraper opposite the Burj Khalifa, worth at last $47 million. The purchases all occurred between October 2019 and October 2020.
While such “high volume property investments” are not “automatically tied to money laundering,” they “can definitely be a red flag,” said Benedikt Hofmann, the deputy representative for Southeast Asia at the United Nations Office on Drugs and Crime.
Many of the properties identified by reporters were in other flagship Emaar developments in Downtown Dubai, and The Grand at Dubai Creek Harbour, both advertised and marketed by Fidu Properties. (There is no suggestion Emaar knew about Su Jianfeng’s background or his alleged money laundering activities.)
The tie-in with Su Jianfeng (蘇劍鋒) and Fidu could be embarrassing for Emaar and, by extension, Dubai’s ruler, Cobham said, but added that the case could serve as a catalyst for improving regulations in the emirate.
“The Royal family is arguably [a victim] of the complete failure of any regulatory standard, and the bad press this generates,” Cobham said. “Either way, it’s on them to change this, as they preside over the entire system.”
UAE officials — including at the ministries of interior, economy, and justice — and Dubai Police did not respond to detailed questions from reporters. UAE embassies in the U.K. and Norway sent a brief comment saying that the country “works closely with international partners to disrupt and deter all forms of illicit finance.”“The UAE is committed to continuing these efforts and actions more than ever today and over the longer term,” the statement added.
Emaar Properties did not reply to written requests for comment.
Despite the Chinese warrant for his arrest, 36-year-old Su Jianfeng (蘇劍鋒) — who holds Chinese, Cambodian, St Kitts and Nevis and Vanuatu passports — was able to pour huge sums into Dubai real estate. Between 2017 and 2020, Su Jianfeng purchased at least 10 apartments and two villas in Dubai, worth at least $15 million, according to leaked transaction data reviewed by OCCRP.
In April 2019, he co-founded Fidu Properties DMCC, an affiliate of Fidu Property Real Estate Brokerage that had been incorporated in Dubai in late 2017. Fidu Properties DMCC is based out of Dubai’s free-trade zone, where foreign investors can take advantage of tax breaks, ease of capital transfer, and the right to full foreign ownership. He controls a 50 percent stake in the company and is one of two directors, Dubai company records reveal. The other half of Fidu Properties DMCC is held by Su Sihai, who is the sole shareholder of the affiliated company, Fidu Property Real Estate Brokerage. Su Sihai has not been implicated in the Singapore money laundering case and has not been charged with any crime. He declined to comment on his connection to Su Jianfeng.
In the wake of the 2023 arrests, Singapore police seized more than $170 million worth of assets in Singapore belonging to Su Jianfeng (蘇劍鋒), including at least 13 properties there worth over $85 million.
Two of Su Jianfeng’s alleged co-conspirators also own property in Dubai. One of them, Su Haijin（蘇海金）, has already pleaded guilty and in April was sentenced to 14 months imprisonment. Like many of the other arrested suspects, Su Haijin（蘇海金） has sizable asset portfolios all over the world, as reported by OCCRP.
But the leaked data reveals previously-unreported properties in Dubai, including 11 apartments worth an estimated total of at least $11 million. The units made up the entire 58th floor of the Grande Downtown, the luxury Emaar development opposite the Burj Khalifa.
Lin Baoying（林寶英）, a Dominican and Cambodian national, is the third person arrested by Singapore police who has newly-revealed Dubai assets. She owns a luxury villa at Emirates Hills, an Emaar development, worth at least $7 million. She is in Singapore awaiting trial.
The Emaar Connection
Emaar, backed by the Dubai ruler’s investment fund and the emirate’s sovereign wealth fund, had identified China as a crucial market for its long term growth strategy in 2018, the same year Fidu Properties opened its local office for business.
Emaar’s largest shareholder is the Investment Corporation of Dubai, the emirate’s sovereign wealth fund, which owns roughly 22 percent of the company’s shares. The second largest shareholder is Dubai Holding, the investment vehicle of Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s ruler.
Emaar works with multiple brokers, but Fidu’s website boasts that it has earned “top platinum broker” status with Emaar, indicating it was one of the developer’s most important partners. The website also says Fidu won fourth place in Emaar’s 2019 top broker awards, and was the top Chinese real estate brokerage in Dubai that year. Emaar CEO Amit Jain has also been photographed with Su Sihai, Su Jianfeng (蘇劍鋒)’s partner in Fidu.
When Su Jianfeng (蘇劍鋒) applied for bail in October 2023, he told a Singapore court in an affidavit that he had worked as a property agent in Dubai and had earned substantial referral commissions which constituted legitimate funds brought into Singapore. The courts rejected his request for bail as he was unable to provide verifiable documentation of either his employment or real estate transactions. Fidu is still in business in Dubai, and its website touts a “strong association with globally renowned developer” Emaar.
（推介原因：這篇文章詳述福建幫洗黑錢集團在杜拜的商業活動，以及跟皇室家族和主權基金持有股份的地產商的合作關係。）
How is Singapore’s
largest money laundering case associated with organised cyberfraud?
Mina Chiang
LinkedIn (2024-05-18)
Excerpt: In 2023 August, the $3 billion money laundering case shocked Singapore and the world, making it the largest in Singapore's history. So far, 10 people have been arrested with 24 more suspects being named.
On May 14, Wang Shuiming (aka Vang Shuiming, 王水明), 43, pleaded guilty to two counts of money laundering and one count of submitting a forged document to a bank and was sentenced to 13 months and six weeks in jail. The harshest sentencing so far to the $3 billion case is Zhang Ruijin (張瑞金)'s 15-month jail term.
Most recent reports from various media outlets, including the Straits Times, CNA, and CNBC, have primarily focused on elements such as money laundering and document forgery. However, there has been little mention of the specific activities through which criminals generate billions of dollars. If mentioned at all, reports often briefly touch upon criminals' investments in online gambling in the Philippines but rarely examine their involvement in scams. Only media such as Reuters and BBC briefly talked in one sentence about the illicit money also coming from operating scams overseas.
Who are the criminals?
All 10 suspects arrested were originally from the Fujian province of China. All are from the Fujianese organized crime group or Fujian gang (福建幫). Many are originally from Anxi County (安溪縣) of Fujian. They are related as cousins and couples.
Although originally from China, the 10 suspects also have nationalities from several other countries, including Singapore, Cambodia, Cyprus, Turkey, St. Lucia, Tuvalu, and the Dominic Republic. Notably, 9 suspects have Cambodian nationality. One suspect Su Haijin (蘇海金) alone has 5 passports and owns properties in Cambodia, London, Macau, and Cyprus. Out of the 10 people, 5 are fugitives who have been wanted by the Chinese authority for years, for charges including conducting online illegal gambling and online fraud.
What about Anxi County (安溪縣) of the Fujian Province?
Here is some additional information that might not be readily apparent yet for non-Chinese speakers: Fujian province, unfortunately, has been notorious for industrial scam operations since Taiwanese scamming gangs entered Fujian 20 years ago and set up telecom scam hubs (Taiwan and Fujian share the same dialect).
Many major gangs actively establishing scamming compounds in Cambodia, Myanmar, Laos, and the Philippines are also originally from the Fujian province. Given the significant number of scammers originating from Fujian province, particularly from Anxi County (安溪縣), the county has earned the notorious moniker "The Hometown of Fraudsters" (騙子之鄉).
To highlight the significance, one article on the Chinese government's website published in 2006 described that the mobile phone communication base station located in Kuaidou Town, Anxi, was once the "busiest base station in all of Asia"; an internal statistical document from Anxi County Mobile Company showed that during the peak of SMS fraud, the number of mobile phone messages sent from Anxi exceeded millions in a single day.
（推介原因：這篇文章交代福建幫洗黑錢集團的收入來源，指出是來自網路賭博和網路詐騙。來自騙子之鄉的福建人揚威國際，把犯罪收入轉移至新加坡和中東國家杜拜。）
All the convicts in
Singapore’s S$3 billion money laundering case have been sentenced. What now?
With punishment meted
out to the 10th and last offender, CNA's Lydia Lam ties together the multiple
strands of an episode that has attracted global interest.
Lydia Lam
CNA (14 Jun 2024)
Excerpt: On a sleepy Wednesday evening in mid-August 2023, nine men and one woman were charged in Singapore’s State Courts with various, seemingly nondescript financial crimes: Possessing criminal benefits, forging bank statements and laundering money.
In the hours that followed, the story came to life via explosive headlines: The 10 suspects were part of an islandwide operation two years in the making; all hailed from China and with a background of criminal activity, laying roots in Singapore and quietly running illegal gains through the country’s reputable financial system, to gain a veneer of legitimacy.
Millions of dollars earned over the years from an illicit gambling ring - with Southeast Asian bases and aimed at punters in China - were turned into luxury cars, extravagant watches, properties in Singapore’s most lavish neighbourhoods, jewellery, designer goods, cryptocurrency and cold, hard cash.
On Monday (Jun 10), the last of the 10 offenders was sentenced to jail.
But there may yet be further developments involving others linked to the probe - including 17 suspects on the run, the wives or partners of the 10 and other fringe parties such as bank employees or real estate agents who failed to flag suspicious transactions.
Who are the 10 offenders, and what did they do?
Here's a breakdown.
（推介原因：新加坡特大洗黑錢案的發展。）
Girish Mallya’s Post
Financial Crimes
Digest
Did you know…
Money laundering has numerous social effects that can significantly influences the communities and nations.
Increased Crime and Corruption:
- Money laundering often supports illegal activities such as drug trafficking, terrorism, and organized crime. It provides the financial resources for these activities to flourish.
- Corruption increases as money launderers may bribe officials to facilitate their operations, eroding the integrity of public institutions.
Undermining the Rule of Law:
- When criminals successfully launder money, it undermines the rule of law and the credibility of legal and financial systems.
- This can lead to a lack of trust in public institutions and the justice system.
Social Inequality:
- Illicit money often ends up in the hands of a few, leading to a concentration of wealth and increased social inequality.
- Legitimate businesses and individuals may suffer due to unfair competition with businesses funded by laundered money.
Public Health and Safety:
- Money laundering supports criminal enterprises that can have direct negative effects on public health and safety, such as drug trafficking and human trafficking.
Cultural Impact:
- The presence of dirty money can influence cultural values and societal norms, promoting a culture of corruption and dishonesty. This can affect the moral fabric of society, especially among the youth, who may see crime as a viable means to achieve wealth and status.
（推介原因：洗黑錢活動所帶來的禍害。）
相關的文章：
騙徒版購房通 (Part 2)
2025 年 10 月 18 日
http://xiaoshousha.blogspot.com/2025/10/blog-post_18.html
節錄：過去一星期讀到一些關於「錢志敏 50 億英鎊洗黑錢案」的英語評論文章，有參考價值，節錄如下。都是這個博客曾經介紹過的作者，裡面提及的一些細節和觀點，剛好把之前的兩篇博客文章連結起來，英文的說法叫 Connecting the dots。讀者如果把這個月發表的三篇博客文章互相参照，主線會更加清晰和立體。兩篇英語評論文章都討論同一個問題：已經被轉換成比特幣 (Bitcoin) 的犯罪收入（連同比特幣的升值金額）該如何處理。
騙徒版購房通 (Part 1)
2025 年 10 月 3 日
http://xiaoshousha.blogspot.com/2025/10/blog-post.html
節錄：第一步：騙徒首先向受害者籌集資金（詐騙）。Case 1 的中國騙徒（錢志敏）透過推銷理財產品非法集資，然後用比特幣 (Bitcoin) 洗黑錢，牽涉金額逾 50 億英鎊，成為全球歷來最大宗涉及比特幣的案件。第二步：籌集的資金（犯罪收入）透過銀行系統以外的管道（例如：比特幣）跨國轉移，然後購買外國物業（洗黑錢）。Case 1 的中國騙徒用假身份和買來的護照（注意：真假有待查證）入境英國，在他人的協助下購買外國物業洗黑錢。
Boiler Room
2020 年 9 月 12 日
https://xiaoshousha.blogspot.com/2020/09/boiler-room.html
節錄：何謂 Boiler Room？騙徒透過電話、電郵或社交媒體（例如：WhatsApp）聯絡受害人，用高壓手段推銷股票（可以是細價股或場外交易 OTC 的股票），亦可以是未上市的投資項目，又或者是其他投資產品（例如：債券、商品、外匯）。這種行騙手法有幾十年歷史，演變至今日，有時會配合其他服務業騙局使用（例如：預付式消費計畫）。由於科技發達，令通訊成本降低，發出訊息的騙徒可以是來自另一個國家或司法管轄區域（注意：很多電話騙案都是這樣），由於他們跟受害人身處不同的國家或司法管轄區域，令案件不易追查。
雙軌制（三）
2011 年 11 月 11 日
https://xiaoshousha.blogspot.com/2011/11/blog-post.html
節錄：特權階級和尋常百姓，明明生活於同一個城市或者國家，卻好像生活於兩個不同的星球。他們按照不同的軌道各自運行，用完全不同的方式解決日常生活的基本需要。平日就各不相干，老死不相往還，直至爆發革命的那一天。這樣的國家，根本不是人住的，廣東話的說法是「人都癲」（會發狂）。難怪大陸人不管是特權階級還是尋常百姓，都喜歡移民。
富豪逃離英國？
2025 年 10 月 11 日
http://xiaoshousha.blogspot.com/2025/10/blog-post_11.html
節錄：這個博客的讀者應該記得，幾個月前，有一份來自英語世界的調查報告，聲稱由於工黨政府上台之後對有錢人加稅，令百萬富翁紛紛逃離英國。發表那份調查報告的機構叫 Henley & Partners，是移民顧問公司，在香港有辦事處。那份調查報告的重點被香港的中文財經媒體廣泛轉發。在網上世界，也有幾位 KOL 發表評論或抽水（例如：陶傑、蕭若元），結論是工黨政府害死英國，不走就笨。
英倫黑錢
2022 年 3 月 1 日
https://xiaoshousha.blogspot.com/2022/03/blog-post.html
節錄：英國傳媒的看法：中國人很可能繼俄羅斯人之後，利用英國的金融中心地位洗黑錢。英國的政府部門已經準備收緊移民政策及加強相關的反洗黑錢法規。今日的西方世界視俄羅斯和中國為敵人，有這種想法，不難理解（提示：英國和美國因應俄羅斯入侵烏克蘭，準備在金融層面對俄羅斯實施制裁）。如果屬實，那些來自俄羅斯和中國的黑錢，稍後是否又要轉移到另一個地方（傳統的避稅天堂還是網上的虛擬世界）？即是（洗黑錢的）老鼠繼續逃避御貓（監管機構）的追捕？貓捉老鼠（提示：Tom & Jerry），沒完沒了，就是這樣。
文章
沒有留言:
發佈留言