Tuesday, December 1, 2020

Real Estate Money Laundering: Follow the money, from Dubai to Hong Kong

-

A report by the Washington-based Centre for Advanced Defence Studies, which found that the emirate’s real estate sector had been used by terror financiers, drug lords and war profiteers to launder money. It said individuals subject to sanctions by the United States and in some cases the European Union owned 44 properties – worth about US$28 million – in the emirate, while their expanded networks held an additional 37 properties, worth almost US$80 million. […]

- Advertisement -
- Advertisement -
- Advertisement -

MUST READ

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

- Affiliate Products -

Advertisement

Latest News

This Week

U.S indicts Venezuelan in kickback scheme linked to PDVSA

A dual Venezuelan-Italian citizen who controlled multiple companies via U.S. based bank accounts was charged in an indictment returned Tuesday for his role in...

Spokane health clinic owner charged with $5 million Medicaid fraud

The owner of a health clinic based in Spokane, Washington, is facing charges of theft and money laundering after investigators alleged fraudulent Medicaid billing...

Zimbabwean Mayor Mafume arrested for corruption

HARARE mayor and Ward 17 councillor Jacob Mafume was Wednesday arrested and charged of criminal abuse of office arising allegedly from the allocation of...

Malta advisory firm Credence linked to multiple tax avoidance probes fined for money laundering breaches

Corporate services provider Credence, which featured in an extensive European Investigation Collaborations exposé on tax avoidance in Malta, has been fined €261,000 by the...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    OK No thanks