Do they really need to launder anything (genuine question as I could be missing something)? Usually you do that to hide money from the government, but in this case it’s MBS and co using money from oil and other shady stuff to try to propel themselves as relevant in the world. Would not put it past them to also use this as a way to fund more terrorist activity (it’s Saudi Arabia after all)
The saddest part of all this is how they could have used some of all their crazy clickbaity mega spending to help Gaza. Instead they would rather pay a bunch of sports and esports athletes crazy sums to increase epeen
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Ho to do money laundering in one easy step: This or with traditional sports.
They’re not laundering money. They’re diversifying their portfolio, because oil prints money now, but they can tell that it won’t forever.
Do they really need to launder anything (genuine question as I could be missing something)? Usually you do that to hide money from the government, but in this case it’s MBS and co using money from oil and other shady stuff to try to propel themselves as relevant in the world. Would not put it past them to also use this as a way to fund more terrorist activity (it’s Saudi Arabia after all)
The saddest part of all this is how they could have used some of all their crazy clickbaity mega spending to help Gaza. Instead they would rather pay a bunch of sports and esports athletes crazy sums to increase epeen
Money laundering is mostly done with crypto nowadays