Featured Real Estate

Trump’s ex-lawyer admits lies about Russian real estate deal

AP — President Donald Trump’s former lawyer, Michael Cohen, confessed in a surprise guilty plea Thursday that he lied to Congress about a Moscow real estate deal he pursued on Trump’s behalf during the heat of the 2016 Republican campaign. He said he lied to be… Read More

Money laundering: Dutch police find €350,000 in washing machine

Amsterdam detectives have arrested a 24-year-old man on suspicion of money laundering after they found €350,000 inside a washing machine at a house in New West. According to the municipal administration, no one lived at the house, said the police, who were conducting checks for unregistered residents when they came… Read More

UK publishes anti-money laundering strategy, targets lawyers, public schools

The United Kingdom has published its strategy to tackle money laundering and other serious crime, outlining a crackdown on professional enablers and sectors targeted by launderers, such as public schools. Officials estimate that billions are laundered through the UK annually, impacting its reputation and economy. Under its Serious and Organised… Read More
30th November 2018
AP — President Donald Trump’s former lawyer, Michael Cohen, confessed in a surprise guilty plea Thursday that he lied to Congress about a Moscow real estate deal he pursued on Trump’s behalf during the heat of the 2016 Republican campaign. He said he lied to be… Read More
28th November 2018
A longtime favorite vehicle for money launderers, real estate as a means of hiding illicit proceeds has gained renewed attention by regulators and legislators throughout the world. Real estate was an $8.5 trillion market in 2017, which warrants regulatory scrutiny and enhanced transparency for an industry exposed to the downstream… Read More
23rd November 2018
Amsterdam detectives have arrested a 24-year-old man on suspicion of money laundering after they found €350,000 inside a washing machine at a house in New West. According to the municipal administration, no one lived at the house, said the police, who were conducting checks for unregistered residents when they came… Read More
2nd November 2018
The United Kingdom has published its strategy to tackle money laundering and other serious crime, outlining a crackdown on professional enablers and sectors targeted by launderers, such as public schools. Officials estimate that billions are laundered through the UK annually, impacting its reputation and economy. Under its Serious and Organised… Read More
29th October 2018
The British government has launched a drive to get the property sector to file more suspicious activity reports (SARs), as part of a campaign to combat money laundering across a number of professions, including law and accounting. British real estate is regarded as one of the main sectors that… Read More
9th October 2018
Investment funds in commercial property should suspend trading when valuations become uncertain, Britain’s Financial Conduct Authority proposed on Monday in draft rules to apply lessons from a market run after the Brexit vote. The FCA proposed a package of rules and guidance for funds that hold illiquid assets including commercial… Read More
21st September 2018
Officers from the United Kingdom’s National Crime Agency’s (NCA) International Corruption Unit (ICU) have arrested a former Pakistani politically exposed person (PEP) and his wife over alleged money laundering. The funds in question are believed to have been acquired as a result of corruption in Pakistan, said the NCA, which… Read More
6th September 2018
The US Securities and Exchange Commission (SEC) has fined Moody’s, one of the nation’s largest credit ratings agencies, a total of $16.25 million over rating deficiencies. According to the SEC, Moody’s failed to document an ‘effective internal control structure’ regarding models that it had outsourced and used in rating… Read More
27th August 2018
The UK’s parliamentary research department has published a paper on registers of beneficial ownership. The study outlines the beneficial ownership structure in the UK, and also looks at issues around its Overseas Territories. It explains that the UK has registers of beneficial ownership for three different types of assets: companies,… Read More
24th August 2018
Transparency International has called on the United Kingdom to take action against money laundering involving oligarchs, alongside its pursuit of fresh sanctions against Russia. This week British Foreign Secretary Jeremy Hunt called on the EU to impose further sanctions on Russia, following the poisoning of Sergei and Yulia Skripal in… Read More
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Iran courts jail 30 men for economic crimes after public outcry

Fast-track courts set up in Iran to fight economic crime have jailed 30 men for up to 20 years each, the judiciary said on Sunday, as the country faces renewed U.S. sanctions and a public outcry against profiteering and corruption. The new Islamic revolutionary courts — whose rulings cannot be… Read More

Police arrest over 200 fake-cash ‘customers’ after counterfeit money agent jailed

Law enforcement agencies across Europe have taken action against suspects who bought counterfeit euro banknotes on illegal platforms on the Darknet. In total, almost 300 house searches were conducted in 13 different countries and 235 suspects were detained. Law enforcement also seized around 1 500 counterfeit euro banknotes. Read More