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- By using a database of over 100 publicly reported real estate money laundering cases in the U.S., United Kingdom and Canada, Global Financial Integrity says the U.S. has become a preferred destination for those looking to use real estate to stash illicit funds — making it a “Kleptocrat’s dream.”
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Aug 10, 2021 · By using a database of over 100 publicly reported real estate money laundering cases in the U.S., United Kingdom and Canada, Global Financial Integrity says the U.S. has become a preferred destination for those looking to use real estate to stash illicit funds — making it a “Kleptocrat’s dream.”
Aug 2, 2021 · In Acres of Money Laundering: Why U.S. Real Estate is a Kleptocrat’s Dream, Global Financial Integrity (GFI) dives into the murky world of global money laundering and demonstrates the ease with which kleptocrats, criminals, sanctions evaders, and corrupt government officials choose the U.S. real estate market as their preferred destination to ...
Aug 2, 2023 · One of the most important would make it harder for foreigners to launder money through U.S. residential real estate. In 2002 the Treasury Department granted the sector a temporary waiver from...
The study, titled “Acres of Money Laundering: Why U.S. Real Estate is a Kleptocrat’s Dream,” dives into the murky world of global money laundering and demonstrates the ease with which kleptocrats, criminals, sanctions evaders, and corrupt government officials use the U.S. real estate market to hide and launder proceeds from illicit ...
Aug 10, 2021 · The report, “Acres of Money Laundering: Why U.S. Real Estate is a Kleptocrat’s Dream” examined more than 100 real estate money laundering cases in the US, UK and Canada between 2015 and 2020. The report highlights 50% of reported cases in the US involved politically exposed persons.
Feb 22, 2022 · In August 2021, GFI published a report titled, “Acres of Money Laundering: Why U.S. Real Estate is a Kleptocrat’s Dream” and found that more than $2.3 billion was laundered through U.S. real estate in cases reported between 2015 and 2020.
Aug 10, 2023 · Criminals have for decades anonymously hidden ill-gotten gains in real estate, Treasury Secretary Janet Yellen said in March, adding that as much as $2.3 billion was laundered through U.S. real ...
