Money Laundering & Real Estate in U.S.
Foreigners bought $121 billion worth of property in the US from April 2017 to March 2018. Buyers do not need a green card, visa, or US citizenship.
Real estate is used in the final step of money laundering, the integration phase, this is where the dirty cash is made legal. Money laundering reporting requirements for suspicious activity are have been minimal in the US for property deals when compared to those for banks and financial institutions.
If the dirty cash has been layered through offshore accounts or companies U.S. officials have to approach government agencies with those jurisdiction for information, which if it is supplied may not reveal the money’s true source.
The Department of Treasury’s crackdown on cash buyers began in 2016 and has reduced the number of all-cash sales reportedly by 70% and also took 4% off the price of luxury properties in certain US locations. No doubt, the money launderers and their lawyers will be looking for loop holes in any new regulations!
Our personnel have many years of international experience providing private investigation services and have undertaken cases which were the first of their kind in their respective countries. Over years we have become accustomed to encountering and dealing with the issues organized crime, police and government corruption while representing our clients. Our clients can be assured that we always work in their interest and provide them with the candid facts, real perspectives, and solutions. Let us know if you need our private investigation services, advice or have a story, all communications are kept confidential!
Let us know if you need our private investigation services, advice or have a story. All communications are kept strictly confidential!
Florida Private Investigation Licenses
FL PI Agency # A 1800196 – FL PI # C 1800115