5 ms·
GP mentioned money-laundering in context of foreign cash. Buying US real estate with money from overseas bribery/graft is the perfect way to legitimize wealth.
by nwatson 9y ago
GP mentioned money-laundering in context of foreign cash. Buying US real estate with money from overseas bribery/graft is the perfect way to legitimize wealth. Nobody in the US is going to check the overseas origin very thoroughly, and US real estate isn't as volatile as home-country assets.
- kafkaesq 9y agoNobody in the US is going to check the overseas origin very thoroughly, Well, plenty of people would very much like to. But in practice this is often quite difficult in many high-value jurisdictions, for various reasons.