Overview

"The Rise of Real Estate Money Laundering" by Verittas Risk Advisors Inc. highlights the increasing use of real estate as a vehicle for laundering illicit funds. It delves into how criminals exploit regulatory gaps through methods like cash transactions, shell companies, and politically exposed persons (PEPs) to conceal the origin of illicit money. The presentation also outlines the connection between real estate money laundering and broader financial crimes such as tax evasion and sanction violations. It emphasizes the critical need for the real estate industry to adopt anti-money laundering (AML) programs, enhance transparency, and foster collaboration between financial institutions, real estate professionals, and regulators to curb this growing threat.

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