While everyone was discussing it, Lin Qi was chatting with a representative from Jinhui Bank.
"...So the head office will temporarily freeze all accounts that have fund transfers with the Duncan Family, unless the account holder can provide proof that the account does not belong to the Duncan Family."
"Besides that, I heard that a large amount of assets is going to be auctioned off..."
The United Development Company was a very high-ranking organization. Its representative here was equivalent to the president of a state bank branch outside.
They might not seem to voice many opinions normally, but in reality, their role was enormous.
The flow of funds was, in itself, a very troublesome matter.
Suppose you deposited a hundred dollars in the Federal Government, then went to Nagaril and withdrew that hundred dollars.
Was the money you withdrew the same money you had deposited in the Federal Government?
Obviously it was, but strictly speaking, as far as the banknotes themselves were concerned, the answer was obviously no. No one knew where you were going, and the bank teller at the bank where you deposited the money did not know either.
She could not know in advance that you were going to Nagaril and have someone send that hundred dollars to a bank in Nagaril for you to withdraw.
From a higher-level perspective, however, the answer was yes.
Your money was always your money, as long as it was legal!
A bank essentially served as a bridge for making deposits and withdrawals in different locations, and its actual function was even more important than that.
The wealth extracted from Nagaril had to pass through banks to return to the Federal Government. Under the Federal Financial Security Act, large amounts of cash entering the country had to be declared in advance.