Biggest Financial Crimes in History Explained by Forensic Expert
Vincent Cloarec, forensic finance expert at Statrys, breaks down the FTX scandal, Panama Papers, and Singapore’s $3 billion money laundering case. Watch to learn how these billion-dollar scandals unfolded and their impact on the world.
Financial crime is rarely about clever tricks. It usually starts with money moving in ways that do not make sense.
In this episode, Vincent, Payments Manager at Statrys, looks at some of the biggest financial crimes in recent history through the lens of payment flows and financial controls. From the collapse of FTX to the Panama Papers and the record-breaking money laundering case in Singapore, he explains what went wrong, how the money moved, and why these cases slipped through the system for so long.
Rather than focusing on headlines or drama, the discussion breaks down what these cases reveal about payment systems, compliance checks, and why financial institutions question transactions that look unusual. It also sheds light on why modern payment infrastructure is built the way it is, and why friction, delays, and fees often exist for a reason.
Key Takeaways
- Why following the money is central to uncovering financial crime
- How payment systems flag suspicious behaviour through transaction patterns
- What the FTX collapse reveals about the misuse of customer funds
- How the Panama Papers exposed global secrecy structures
- Why the Singapore money laundering case shocked regulators worldwide
- How financial crime crosses borders using layered payment routes
- Why compliance checks exist in modern payment systems
- What these cases explain about delays, reviews, and fees in international payments
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