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But that's when you make most money. Regulators are salaried individual, what's the incentive for them to do their job properly?

Think about if a regulator looks the other way, he is seen as incompetent - many times you'll not be punished for incompetence at work. But this benefits the corporate player and he can offer benefits to the regulator like private jet (for his family/friend use), maybe access to a resort where the regulator's family can stay during vacation or maybe an apartment in some posh locality where the regulator's kid can study abroad.

People are acting in their self interest.

You've salary and ethics Vs luxuries and loyality from the rich man who is unlikely to go bust.

Thing is you can choose to not coperate but that only increases the price and the rich man goes for your boss then you get in trouble as boss is cooperating with them and he may fire you.

I once dated a very rich and powerful lady in Asia and she could solve all problems with just 1 phone call - that was amazing, she new everyone everywhere it felt.



With respect, I do question whether an auditor overlooking financial irregularities is actually acting in their self-interest.


Do you know any regulators?


Yes I know a few guys in customs who are paid to look other way and they use CHA to benefit from such thing (so they aren't directly involved by indirectly involved through CHA) when caught they blame it on people working under them


In most countries customs is a law enforcement agency (exercising the government’s policing power) not a regulatory agency (exercising the government’s policy-making power).


That seems illegal. Who's looking the other way on that?




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