Case Study Table of Contents
> Executive Summary
> Complex Loans and Credit Finance
> The Role of Non-Financial Professionals
> Corporate Vehicles
> Manipulation of the Appraisal Or Valuation Of A Property
> Monetary Instruments
> Mortgage Schemes
> Investment Schemes and Financial Institutions
> Concealing Money Generated By Illegal Activities
> Red Flag Indicators
> Issues for Consideration
The real estate sector merits closer consideration given the large scope of monetary transactions, its significant social impact, and because of the number of cases in which money laundering, and in limited circumstances terrorist financing and tax fraud schemes, have been detected.
Abuse in this sector also has the undesirable effect of political, institutional and economic destabilisation. Moreover, due to the international nature of the real-estate market, it is often extremely difficult to identify real estate transactions associated with money laundering or terrorist financing.
Given that the purchase or sale of a property is one of the largest financial transactions a family or individual may undertake, changes in property prices have a substantial impact on the considerations taken into account by potential buyers and sellers of properties. Fluctuations in property prices have an impact on decisions about where to live and work in addition to affecting an owner’s net worth. Moreover, to the extent that property values influence rents, the effect is manifested in the distribution of wealth between landlords and tenants. Click here to read more…