Money Laundering In The Real Estate Sector PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Money Laundering In The Real Estate Sector PDF full book. Access full book title Money Laundering In The Real Estate Sector.

Money Laundering in the Real Estate Sector

Money Laundering in the Real Estate Sector
Author: Brigitte Unger
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 2011
Genre: Money Laundering
ISBN: 9781849801263

Download Money Laundering in the Real Estate Sector Book in PDF, ePub and Kindle

In many countries, the real estate sector is vulnerable to money laundering due to a high number of factors including; the high value of assets, price fluctuations and speculation within the market, difficulties in assessing the true value of a house, and the fact that the legal owner is not necessarily the economic owner. In this book, the authors identify a total of 25 characteristics which render a property susceptible to money laundering. The more such characteristics a property exhibits, the more suspicious it becomes. The authors also discover that some of these characteristics weigh heavier than others. Combining economic, econometric and criminological analysis, this multidisciplinary approach shows how to detect criminal investment in the real estate sector. This well-researched book will appeal to government authorities responsible for combating money laundering, international organizations such as the IMF, the UN, the Worldbank and the EU, as well as financial intelligence units in all countries. Real estate associations, real estate research centers, criminologists and economists will also find this book invaluable.


Money Laundering in the Real Estate Sector

Money Laundering in the Real Estate Sector
Author: Brigitte Unger
Publisher: Edward Elgar Publishing
Total Pages: 192
Release: 2011-01-31
Genre: Business & Economics
ISBN: 9781781000915

Download Money Laundering in the Real Estate Sector Book in PDF, ePub and Kindle

In many countries, the real estate sector is vulnerable to money laundering due to a high number of factors including; the high value of assets, price fluctuations and speculation within the market, difficulties in assessing the true value of a house, and the fact that the legal owner is not necessarily the economic owner. In this book, the authors identify a total of 25 characteristics which render a property susceptible to money laundering. The more such characteristics a property exhibits, the more suspicious it becomes. The authors also discover that some of these characteristics weigh heavier than others. Combining economic, econometric and criminological analysis, this multidisciplinary approach shows how to detect criminal investment in the real estate sector. This well-researched book will appeal to government authorities responsible for combating money laundering, international organizations such as the IMF, the UN, the Worldbank and the EU, as well as financial intelligence units in all countries. Real estate associations, real estate research centers, criminologists and economists will also find this book invaluable.


Money Laundering and Terrorism Financing in Global Financial Systems

Money Laundering and Terrorism Financing in Global Financial Systems
Author: Rafay, Abdul
Publisher: IGI Global
Total Pages: 374
Release: 2021-04-16
Genre: True Crime
ISBN: 179988760X

Download Money Laundering and Terrorism Financing in Global Financial Systems Book in PDF, ePub and Kindle

During the last few decades, corrupt financial practices were increasingly being monitored in many countries around the globe. The past few decades have been eventful for these issues. Today, tackling money laundering and terrorism financing are considered key issues in developed and developing countries alike. Eradication of money laundering and terrorism financing through a holistic approach of awareness, prevention, and enforcement is a current need. It has enabled the birth of new regulatory regimes based on strict compliance, robust processes, and technology. One of the many problems with this is the lack of general awareness about all these issues among various stakeholders including researchers and practitioners. Money Laundering and Terrorism Financing in Global Financial Systems deepens the discourse about money laundering, terrorism financing, and risk management in a modern-day environment. It provides a fascinating and invaluable guide for understanding the theory, practice, and cases of these topics. Split into two sections, the first being money laundering and terrorism financing and the second being financial governance and risk management, the chapters create comprehensive knowledge on these acts of crime in the financial industry by defining the crimes themselves, the many challenges and impacts, and potential solutions. This book is ideal for government officials, financial professionals, policymakers, academicians, business professionals, managers, IT specialists, researchers, and students.


Million Dollar Ghost Buildings

Million Dollar Ghost Buildings
Author: Jeffrey R. Boles
Publisher:
Total Pages: 25
Release: 2020
Genre:
ISBN:

Download Million Dollar Ghost Buildings Book in PDF, ePub and Kindle

This Article analyzes this money laundering loophole in the real estate sector, named “the darkest corner of the real estate market: all-cash purchases made by shell companies that often shield purchasers' identities.” Because all-cash purchases allow buyers to avoid bank financing, and in turn, the need to provide identification to the banks as part of the banks' anti-money laundering procedures, the real estate transaction coupled with limited liability laws in the U.S. provide secrecy and opportunity for money launderers. Charles Intriago, the president of the Association of Certified Financial Crime Specialists, highlights the problem as “The regulation of real estate transactions for financial crime and money laundering is worse than Swiss cheese for all the holes it's got.” The federal government has recently taken initial steps to combat the issue, devoting resources to decrease money laundering in the real estate industry, including the issuance of temporary regulations targeting certain U.S. cities, as well as a 10-agent unit to investigate money laundering, with real estate as a focal point. This Article examines these initiatives and argues for a proper balancing between the need to combat money laundering in the real estate sector and effectively close the loophole with the need to maintain efficiency in real estate sales transactions and a reasonable expectation of privacy by property owners.


The Effects of Money Laundering on the Canadian Real Estate Market

The Effects of Money Laundering on the Canadian Real Estate Market
Author: Remington Latanville
Publisher:
Total Pages: 0
Release: 2021
Genre:
ISBN:

Download The Effects of Money Laundering on the Canadian Real Estate Market Book in PDF, ePub and Kindle

White collar criminals benefit from their status and positions. Further, they invest the proceeds of crime into the Canadian real estate market, driving up the price of home ownership for working-class Canadians. This thesis explores the relationship between FINTRAC financial transaction reporting in all sectors and suspicious transaction reporting in the real estate sector respectively with the MLS composite home price index. The findings suggest that greater action is needed by real estate representatives to increase the difficulty of elite criminals to profit from weak regulation and enforcement in the industry. The proposed recommendations include a commission incentive to encourage real estate agents to submit suspicious transaction reports, a national database of beneficial ownership identification, and improved public awareness of the occurrence of money laundering in real estate.


International Money Laundering Through Real Estate and Agribusiness

International Money Laundering Through Real Estate and Agribusiness
Author: Fausto Martin De Sanctis
Publisher: Springer
Total Pages: 151
Release: 2017-02-13
Genre: Social Science
ISBN: 3319520695

Download International Money Laundering Through Real Estate and Agribusiness Book in PDF, ePub and Kindle

This book examines two types of transnational money laundering: the use of offshores and wire transfers to “invest” in real estate; and agribusiness, a nebulous activity that is difficult to regulate. The author also examines current international mechanisms to combat money-laundering; whether these efforts have been successful or unsuccessful; and whether multilateral instruments are an effective tool in the war against international organized crime. As national borders have opened and trade barriers have fallen, transnational crime has grown at unprecedented levels. The current situation, better revealed by the so-called “Panama Papers,” is a result of a lack of local cooperation in the investigations, prosecution, and/or extradition of criminals. Governments profit from ill-gotten wealth hosting international criminal enterprises in their own territories, thus providing a fertile ground for illicit practices, closing their eyes to the nexus among false or inappropriate identification, fraudulent records, corruption, and money laundering. If these types of transnational money-laundering are allowed to remain as they are currently treated, the shift in the financial paradigm, from centralized and regulated to decentralized and “unregulated,” would allow for the continuation of some of the most dangerous criminal activity. In this timely book, the author presents arguments that by “following the money,” capital movements involved in transnational money laundering through real estate and agribusiness can be examined, revealed, and understood.


Wilful Blindness

Wilful Blindness
Author: Sam Cooper
Publisher:
Total Pages: 0
Release: 2024-10-15
Genre:
ISBN: 9780888903518

Download Wilful Blindness Book in PDF, ePub and Kindle

The third edition of "Wilful Blindness" builds on the compelling narrative that has cemented Samuel Cooper's reputation as a premier investigative journalist, now under the banner of The Bureau. This edition unveils startling new revelations, naming potential individuals implicated in the Parliamentary NSICOP report. It suggests that MPs, ministers, and perhaps even the Prime Minister may have been aware of the CCP's interference in our elections and turned a blind eye for political gain. This explosive update makes "Wilful Blindness" a must-read for anyone seeking to understand the depth of corruption and foreign influence shaping our world today.In 1982, three of the most influential men in Asia convened in Hong Kong to shape the future of the city's handover to the People's Republic of China. This pivotal meeting saw Chinese business magnates Henry Fok and Li Ka-Shing align with Deng Xiaoping to advance the Chinese Communist Party's domestic and global ambitions. The decisions made that day would ripple far beyond Hong Kong, reaching as far as Vancouver and reshaping the world.Soon, billions of dollars in Chinese investments poured into North America's Pacific coast. British Columbia's government casinos became conduits for global criminals, facilitating the influx of deadly narcotics into Canada and laundering billions of drug money into Vancouver's real estate market. This was no accident. A web of accomplices--revenue-hungry governments, casino and real estate firms with connections to dubious offshore wealth, complicit lawyers and bankers, and an unresponsive RCMP--allowed organized crime to flourish.The consequences of this greed, corruption, and wilful blindness are staggering. Drug cartels, particularly the Big Circle Boys--transnational narco-kingpins with ties to corrupt Chinese officials and industrial tycoons--have infiltrated significant sectors of Canada's economy. As dirty money inflated Vancouver's real estate market, the social toll became evident: a fentanyl crisis ravaging North American cities, declining life expectancy in Canada, and an unattainable housing market for the middle class.But the story extends beyond real estate and overdoses. Samuel Cooper's investigation reveals that the key players in the "Vancouver Model" of money laundering have turned Canada's west coast into a hub for CCP-led corporate and industrial espionage. These unscrupulous entrepreneurs have exported their criminal operations globally, impacting countries like Australia and New Zealand.The 2019 arrest of Cameron Ortis, the RCMP's top intelligence official, raises alarming questions. Could Chinese transnational criminals and state actors have secured protection from within Canada's national security apparatus? Could China and Iran possess insights into Canada's most sensitive secrets and investigations? Ortis's oversight of critical probes into transnational money laundering and espionage efforts underscores the depth of the infiltration."Wilful Blindness" is a gripping narrative that follows tenacious investigators who challenged the institutionalized negligence and corruption behind the Vancouver Model. Drawing from extensive interviews with whistle-blowers, thousands of pages of government and court documents, and exclusive confidential materials, Cooper uncovers the shocking extent of Canada's compromise.The book concludes with a startling revelation about the extent of the infiltration and outlines crucial steps Canada must take to realign with its "Five Eyes" allies and restore national security.


Research Handbook on Money Laundering

Research Handbook on Money Laundering
Author: Brigitte Unger
Publisher: Edward Elgar Publishing
Total Pages: 519
Release: 2013-01-01
Genre: Business & Economics
ISBN: 0857934007

Download Research Handbook on Money Laundering Book in PDF, ePub and Kindle

Although the practice of disguising the illicit origins of money dates back thousands of years, the concept of money laundering as a multidisciplinary topic with social, economic, political and regulatory implications has only gained prominence since the 1980s. This groundbreaking volume offers original, state-of-the-art research on the current money laundering debate and provides insightful predictions and recommendations for future developments in the field. The contributors to this volume academics, practitioners and government representatives from around the world offer a number of unique perspectives on different aspects of money laundering. Topics discussed include the history of money laundering, the scale of the problem, the different types of money laundering, the cost to the private sector, and the effectiveness of anti-money laundering policies and legislation. The book concludes with a detailed and insightful synthesis of the problem and recommendations for additional steps to be taken in the future. Students, professors and practitioners working in economics, banking, finance and law will find this volume a comprehensive and invaluable resource.