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I am dumb enough to understand this. Can someone tell me how money laundering is done in real estate? Doesn’t the buyer have to deposit the money in a bank for
by yalogin 6y ago
I am dumb enough to understand this. Can someone tell me how money laundering is done in real estate?
Doesn’t the buyer have to deposit the money in a bank for the title company to transfer it? Or May be in cash transactions they don’t care as long as the buyer is ok with it. So the money is transferred outside the cpu Rey or through shell accounts and the asset changes hands?
- greesil 6y agoFrom the googles: https://www.lexology.com/library/detail.aspx?g=4242839e-373c-4525-a853-3ad5cc84a17b#:~:text=Criminals%20lease%20out%20their%20properties,party%20rent%20using%20illicit%20funds https://www.lexology.com/library/detail.aspx?g=4242839e-373c.... https://pastebin.com/GTfxANd4 https://pastebin.com/GTfxANd4
- yalogin 6y agoThanks! Never thought about this at all till now. Certainly illuminating.