Chapter 460 Money Laundering
The online remittance and transfer platform conceived by Su Mu has finally been targeted by illegal money launderers.
In the past two years, people began to use it to launder dirty money, which in turn attracted the attention of the Federal Tax Service, and after the matter gradually became bigger, Congress sent a notice inviting Su Mu to participate in a public hearing.
In a letter, six words "please" were rarely used, and the words were more polite, and the speaker of the National Assembly, that is, the vice president, even called to test his attitude, Su Mu didn't think there was anything, and it was supposed to cooperate with the investigation, plugging the money laundering loophole, and saving its reputation in the eyes of the people.
The vice president's attitude is intriguing, and the message behind it is enough to show how seriously the Democrats attach importance to Su Mu.
If you think about it carefully, it is normal for them to attach importance to Su Mu, during his presidency of Bush Sr., he accumulated terrorist connections by virtue of his close relationship with the Bush family, and his connections on Wall Street are also very strong, plus countless Americans like him, at this critical moment of the upcoming midterm elections, the Democratic Party is reluctant to make extraneous branches, and the hearing is more like an explanation to the people.
Instead of going there in person, he asked CEO Allen to attend, mainly because Su Mu didn't want to make the scandal bigger again because of himself, labeling the e-wallet as a "money laundering tool".
Today, the world's largest online payment service has around 45 million user accounts in more than 70 countries and regions around the world, and can support payments and receipts in 16 currencies.
As an international trade payment tool, it has the characteristics of a wide range of users, fast capital turnover, and easy operation, and users only need to register an account on the platform and bind it with a bank card to carry out online trade.
It is difficult for banks to judge the authenticity of transactions, and there are no strict regulations on the review of materials provided by customers when collecting money, and it is difficult to judge the true source of funds based on the customer's verbal explanation.
Speaking of which, the mistake of poor regulation is mainly in the bank, as an online payment tool, the tool will not commit crimes, but people will use it to commit crimes, the reason why Congress will be involved is because this department has legislative and supervisory powers, the development of the online payment system to the present, there is still no specific legal binding provisions, they will collect information to supplement and change the law.
This hearing has a bit of an impact on the company, but it has little impact, after all, the lack of supervision is not caused by this company, where does Congress dare to provoke those banks.
Many of them have "unsourced" funds or goods in those banks, and even the slightest news spread by the banks is enough to make them tremble, and in the end they can only admit that there are loopholes in the laws and regulations on the part of Congress, and they all rejoice in blaming the fault on President Bush Sr......
The conversation continued in Sumu's office, and he asked Helberg, "Have the accounts in question been seized and frozen?"
"Well, we're sending people to do that as soon as possible, the problematic accounts that fit the money laundering model have been temporarily frozen, and we are cooperating with the Federal Tax Service and the bank to investigate, and some users must have been injured by us, which will have an impact on the company's reputation, but fortunately it has not been listed yet. Herberg was still lying on the couch, with no image to speak of, he was already in his thirties, a few years older than Su Mu, and he had both children.
"Yes, there is no listing, the losses and risks are all borne by me alone, and the large-scale misclosure will definitely not work, is there any better solution?"
"I'm still researching it, and the tax bureau is also helping to find a way, this time I found a lot of funds and accounts from unknown sources, with a total scale of at least 70 million US dollars, drug dealers, arms dealers, smugglers, etc., it is estimated that I will not be able to sit still, but fortunately, the amount is not large.
The tax office is going to make another amount of money, and they're also trying to figure out a way for us to put a freeze on the new account, where we can't withdraw the money for two or three weeks so that we can review it, so that we can scare away a bunch of criminals who are trying to use it to launder money......"
The rule of law environment in the United States is quite mature, and this time there is a regulatory loophole, I believe it will be closed soon, and the senators and the House of Representatives in Congress do not have much to do, and there is still legal awareness.
Some time ago, a child swallowed toy parts and died of suffocation, a famous toy manufacturer named Hasbro was sued by two pairs of parents in court, and more than 120 million US dollars were compensated, a large part of which is punitive damages, used to warn other companies that they must be careful, and the cost of breaking the law is scary.
To a certain extent, this has indeed improved the social atmosphere in the United States, and as a businessman, even if he escapes from Congress this time, a fine of at least tens of millions of dollars will definitely not be able to escape, and Su Mu is already mentally prepared.
I chatted with Herberg about the recent problems of the Galaxy Group companies, and learned that a large online game called "Star Wars" is about to be released recently, and I heard that all of them have been developed and are being tested.
Su Mu is interested, this is the third large-scale online game launched by Snail Entertainment, the first two are called "Monster World" and "Battle of the Earth", and the evaluation is quite high.
After having the "Star Wars" game installed on his computer, he played for more than three hours until he assembled a small fighter plane, during which executives came to report and talked while watching him play the game.
Su Mu hopes that his company is not wrong in the direction, in recent years, he has vigorously developed products that can make users feel the fun of the Internet, games are just one of them, as well as music, video, Internet, etc., Marvel Comics is also being moved to the Internet by him, and this company cooperates, trying to guide users to pay for online browsing.
In 1999, more than 10 years have passed since Sumu developed the first product Spider Mailbox, occupying a golden age of Internet development.
Specially found the head of game development,Talk to each other about the game feeling,Picture quality is only one aspect,Network transmission speed is also limited due to technological development,All in all, it's a good product。
Players collect parts of spaceships and weapons by attacking aliens, and then slowly develop their own power, and spaceships, mechas, etc. are difficult to repair, which means that the consumption is serious, even Su Mu finds it interesting, and I believe that it should be able to achieve good results.
The day went by like this.
When he got home, his son Su Lin hadn't come back yet, and the bodyguards said that he had gone to participate in club activities and help tidy up the school warehouse.
Su Mu cooked by himself and waited for his wife and children to come back......