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What You Can Do to Stop Economic Crime | Hanjo Seibert | TED

It might sound like the plot of a movie, but economic crime is all around us — from drug trafficking and fraud to cybercrimes, tax evasion and more. Economic crime fighter Hanjo Seibert breaks down the complexities of money laundering and how we can all wield our collective power to dismantle the underworld economy and…

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It might sound like the plot of a movie, but economic crime is all around us — from drug trafficking and fraud to cybercrimes, tax evasion and more. Economic crime fighter Hanjo Seibert breaks down the complexities of money laundering and how we can all wield our collective power to dismantle the underworld economy and turn off the money tap for criminals.

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44 Comments

44 Comments

  1. @ai8893

    April 18, 2024 at 10:20 am

    No, im not giving up my privacy and letting the big banks and the government record every purchase and review my buying habits.

  2. @Nic03187

    April 18, 2024 at 10:23 am

    Nice try, Hans-Joachim, but the real-life Bond-villains have no need for money laundering.
    They own the banks, along with all your governments.

  3. @piku5637

    April 18, 2024 at 10:25 am

    lol YouTube censored my last comment

    • @christaylor9095

      April 18, 2024 at 12:21 pm

      “UBI would go a long way to help…”?

    • @christaylor9095

      April 18, 2024 at 12:26 pm

      “Normalize labour unions…”?

  4. @ferramirez4570

    April 18, 2024 at 10:31 am

    Great tutorial! 👌🏻👌🏻👌🏻

    • @GabrielMarques001

      April 18, 2024 at 11:22 am

      Criminals don’t need tutorials for such basic concepts. I worked with Sky in 2005, and back then NDS and Nagra were already explaining how content piracy was financing gun traffic, and Sky was putting it on informational ads. People wouldn’t care less, and kept buying pirate pay per view boxes. Engineers used to say ‘we must keep honest people honest, piracy buyers are a lost case’.

  5. @paulgainey4924

    April 18, 2024 at 10:50 am

    Maybe we should make drug dependency aq disease instead of crime … and billions spent on the criminal process finds its way into the health system

  6. @johnsamuelson3046

    April 18, 2024 at 11:01 am

    what nonsense, its embarrassing.

  7. @Ninja9JKD

    April 18, 2024 at 11:05 am

    What isn’t mentioned? What will pushing for transitions to all be recorded really do? Well it will be metric for you Digital Citizen Score for your digital prison. Also, this will give more power to governments who steal from you via “tax”. If you trust the government then I can’t change your mind, you’ve been brain washed to resist truth.

  8. @MrPeter0028

    April 18, 2024 at 11:10 am

    How about instead of pushing the responsibility on the invidual, these institutions give inscentives to the workers and companies. There is no protection for the invidual if he decides to be a whistle blower.

  9. @Ninja9JKD

    April 18, 2024 at 11:12 am

    I think the speaker failed to mention the biggest criminal of them all: The Governments. They steal your money via tax, print to infinity devaluing your savings, and spend it on murdering people in illegal wars. You really want these creeps to have a copy of every transaction you’ve ever made?

  10. @skilledinspeech9917

    April 18, 2024 at 11:30 am

    So you want us to be snitches for the politicians?

  11. @rsm014

    April 18, 2024 at 11:33 am

    Why is there crime stoppers for small misdemeanor offenders, but not big businesses stealing millions?

    • @0WhiteKnight0

      April 18, 2024 at 2:03 pm

      Because it’s cheaper and more economical to go after the little fish than the big fish, this effect is artificially induced by the capitalist class so they can exploit more and more whilst the state basically does their bidding, disproportionately exploiting the commoner and decreasing market competition.

      The IRA is underfunded, understaffed and it doesn’t have many highly skilled forensic accountants and thus it’s the proletariat class that they go after to garner tax revenue.

    • @Betweoxwitegan

      April 18, 2024 at 2:03 pm

      Because it’s cheaper and more economical to go after the little fish than the big fish, this effect is artificially induced by the capitalist class so they can exploit more and more whilst the state basically does their bidding, disproportionately exploiting the commoner and decreasing market competition.

      The IRA is underfunded, understaffed and it doesn’t have many highly skilled forensic accountants and thus it’s the proletariat class that they go after to garner tax revenue.

    • @jackmurphy4825

      April 18, 2024 at 2:36 pm

      Yeah exactly. Governments response to the last recession was essentially laundering billions in to the economy but that was fine. We only have to live with the implications of that…

    • @jackmurphy4825

      April 18, 2024 at 2:41 pm

      ​@0WhiteKnight0 read your first sentence a couple of more times until you realise it can’t logically make sense. Little = small, big = large. Taking down one of the actual big fish siphoning of our system could have the type of impact to alleviate the housing crisis or world hunger. Small time timmy just congests an already congested system.

    • @0WhiteKnight0

      April 18, 2024 at 3:04 pm

      @@jackmurphy4825 I don’t think you understand my point, for every big fish you take tax revenue from, you can take tax revenue from thousands of little fish which is more profitable than that one big fish. As I said previously there’s a lack of skilled workers in the IRA that can actually garner tax revenue from the big fish without making an error that can be used as a defence, furthermore that evidently takes much longer as the tax code is complex and the wealthy use this to their advantage, hiring the best tax accountants and lawyers syphoned from the public sector.

      I’m not saying we shouldn’t go after the ultra wealthy, I’m saying currently it’s not economical to do so and thus it’s not done to the degree desired. We should strive to change that and make the legal system more comprehensive, increase public funding and enact structural reform. America is quite different from the rest of the world, in other countries you don’t even need to file taxes every year unless you’re over a certain income bracket, the government does it for you.

    • @Betweoxwitegan

      April 18, 2024 at 3:04 pm

      @@jackmurphy4825 I don’t think you understand my point, for every big fish you take tax revenue from, you can take tax revenue from thousands of little fish which is more profitable than that one big fish. As I said previously there’s a lack of skilled workers in the IRA that can actually garner tax revenue from the big fish without making an error that can be used as a defence, furthermore that evidently takes much longer as the tax code is complex and the wealthy use this to their advantage, hiring the best tax accountants and lawyers syphoned from the public sector.

      I’m not saying we shouldn’t go after the ultra wealthy, I’m saying currently it’s not economical to do so and thus it’s not done to the degree desired. We should strive to change that and make the legal system more comprehensive, increase public funding and enact structural reform. America is quite different from the rest of the world, in other countries you don’t even need to file taxes every year unless you’re over a certain income bracket, the government does it for you.

    • @jackmurphy4825

      April 18, 2024 at 3:35 pm

      @@0WhiteKnight0 it’s designed that way because they make the rules. We ever want it to change, its not going to be through the system they designed to keep themselves on top.

    • @jackmurphy4825

      April 18, 2024 at 3:35 pm

      @@Betweoxwitegan it’s designed that way because they make the rules. We ever want it to change, its not going to be through the system they designed to keep themselves on top.

  12. @pondholloworchards

    April 18, 2024 at 12:05 pm

    All they have to do is become a farmer is pretty lucrative

  13. @snarkycharlies

    April 18, 2024 at 12:21 pm

    Don’t buy art?

  14. @ToeKneey0

    April 18, 2024 at 12:21 pm

    This is stupid, don’t push the narrative of using cards for transactions. We are being more and more dependent on technology. Keeping your money in a bank will soon have us like communist China with their digital currency system. These are the first steps to government control. Monitoring all your purchases and transactions. NO THANKS

  15. @christaylor9095

    April 18, 2024 at 12:30 pm

    Dude works for banks and is worried about the lack of regulation of me paying cash for a hot dog?! O, the lulz 😂😂

  16. @Lotterboy

    April 18, 2024 at 12:48 pm

    The example with the receipt doesn’t make any sense. Businesses participating in ML would still claim, that x amount of purchases were made, while in reality it was x-y . Where y = the amount of money laundered.
    Receipts help prevent tax evasion – not ML, unless governments require each business to issue a receipt for each individual trx. In a mixed scenario, merchants still have all the wiggle room they need for ML.

  17. @Bythirteen

    April 18, 2024 at 1:06 pm

    isn’t the majority of money laundering government sponsored? organized crime ain’t got peanuts over organized govt endorsed crime. ….or so I heard….

  18. @homewall744

    April 18, 2024 at 1:14 pm

    Liberty is once again the solution.
    This guy says to just submit to all the criminal sanctions that black markets serve that is so much bigger than all those big corporations, and are all operated outside of the law or taxes. He says to submit to tracking your every move so government and big corporations can monitor it. He hates your privacy. He hates free markets. He hates free people.

    Just submit and obey is the message. Money laundering only occurs because government prohibits businesses that have huge markets of people who want them and so the market continue, just outside of the legal system and taxes and makes all of us less safe.

  19. @friendly4827

    April 18, 2024 at 2:55 pm

    In fact, Biggest criminals are goverments

  20. @tielessin

    April 18, 2024 at 3:04 pm

    If my FBI agent is reading this: Please take me off the list. I’m just curious to know, I swear!

  21. @bxlis

    April 18, 2024 at 3:40 pm

    I like to pay cash. I like to use cash. It’s a privacy. I don’t want every detail of my spending monitored by the government because of money laundering . And no should care

    • @kepspark3362

      April 18, 2024 at 8:25 pm

      Why? Are you doing something that you don’t want others to find? What about all the criminals who would extremely like this way of living to prevail? So they can keep doing what they want. How do you propose to stop them? Are you living in dictatorship that force their will absolutely on you? Or a democracy in which you get a say & freedom to change how the government is run or who makes decisions?
      Do you feel you enjoying your privacy is more important than all these stopping all these criminals?
      Do you think anyone would care in millions of humans what you do?

    • @carsonhunt4642

      April 19, 2024 at 5:28 am

      That’s precisely why they hate cash, they want to know exactly all your spending habits.
      This video is hilarious they care about you spending $5 , but not about the 500 million we send to corrupt countries, or how our politicians beat the market and end up rich , etc. or how our gov devalues our dollar through inflation.. all of that?? Yea no biggie. The guy who made 600$ mowing lows tho?!?!? Audit time for the criminal !!😂

  22. @francesbernard2445

    April 18, 2024 at 4:51 pm

    See the Hollywood sitcom series, “The Golden Girls” episode -The Golden Girls exercise program to see how the character Dorothy foiled a suspicious looking supply chain well enough so far as she herself could make a difference when using her credit card.

  23. @francesbernard2445

    April 18, 2024 at 4:54 pm

    To get more hints on how big money laundering is see the Hollywood sitcom series, “The Golden Girls” episode -The Golden Girls exercise program to see how the character Dorothy foiled a suspicious looking supply chain well enough so far as she herself could make a difference when using her credit card. After Dorothy had been credited on all records with accomplishing only 3 minutes of duty while belonging in the military.

  24. @BEN_MONK

    April 18, 2024 at 6:32 pm

    VERY INFLUNCED AND SO USEFUL ON THE WAY OF AVOIDING TO HELP THE CORRUPTION AND THE TERRORISTS IN THEIR MONEY LAUNDERING 👍

  25. @virgilcaine3291

    April 18, 2024 at 10:14 pm

    Ted is dead. 😂

  26. @LIFE-nr1yg

    April 19, 2024 at 9:25 am

    #1 problem in the world is poverty; poverty leads to crime. so stop telling us about what we need to do; how about the rich countries start sharing and stop exploiting. Greed started the worst economic crime of the century in 2008 onwards. How many rich corporations and/or politicians who knew about it are in trouble now compared to the millions of people affected? share the profits or will have to deal with poor people and crime all the time.

  27. @NickDrinksWater

    April 19, 2024 at 7:05 pm

    This was a very hydrating TED talk

  28. @mustafasabur

    April 20, 2024 at 1:50 am

    Trivial info and a bunch of nothing

  29. @andycordy5190

    April 20, 2024 at 3:09 am

    Who knew? Counterfeit medication?
    I guess nobody really wants to face up to the darker side of commerce, but neither would most people willingly accept the actions of criminal gangs in their activities. We really need to know more in order to participate in preventative actin or we will just continue to collude with them

  30. @nataliesalgado2202

    April 20, 2024 at 12:26 pm

    I have to do summaries of l interesting Ted Talks and I am fascinated by the most recent talks I LOVE TED☺️

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