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by linohh
219 days ago
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I've been in banking for quite some time of my life and hands down, there is no country in the world that makes bankers with let's say questionable skills in risk assessment and decision making more afraid. Millions in fines, maybe more? Zero fucks given. Messing with regulators in Singapore? Not worth it. Wouldn't be surprised if they send or have sent people out to tell the somewhat gory stories of the canings in Singapore. Personally, I don't believe in preventive effects of draconian punishment, but I also don't believe in cokeheads. Being a cokehead in Singapore means risking facing the mandatory death sentence for posession of more than 30g of cocaine, which depending on the habit is a months supply max for some. |
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The recent corruption case of a Minister taking gifts of hundreds of thousands resulted in a few months custodial sentence for the Minister and nothing for the rich “donor”.
Massive money laundering scam? Stiff punishment for the foreigners and kid gloves for the local lawyers and bankers who facilitated it all.
Singaporeans constantly complain about how being rich in Singapore protects from actual punishment.