Tuesday, December 1, 2020

Real Estate Fraud: A Money Laundering Challenge for Financial Institutions

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For banks and other financial institutions, detecting money laundering through real estate purchases is a unique challenge. It’s still relatively easy for criminals to launder money via all-cash purchases of houses, properties, and condominiums. Why? In the U.S., real estate agents and lawyers aren’t required to have anti-money-laundering (AML) […]

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