12 Oct 2021
Money laundering finds many avenues. Money gained from illicit activities by terrorists, drug lords, arms dealers and other criminals is washed through car sales, yacht purchases, jewelry and art acquisitions, and deposits in banks that — wink, wink — look the other way, even in sports betting.
But perhaps nowhere is this criminal enterprise more prominent than in real estate, both residential and commercial.
A new report from Global Financial Integrity, a Washington-based think tank that studies the flow of illicit finances, says America has become a “safe haven” for money laundering.
By Lew Sichelman, The Miami Herald, 11 October 2021
Read more at The Miami Herald
RiskScreen: Eliminating Financial Crime with Smart Technology
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