Money laundering by criminals buying and selling U.S. residential homes seems to be good business. May also partially explain why the U.S. housing market is so hot!
"At least $2.3 billion has been laundered via U.S. real estate transactions in the last five years, according to a new report by a Washington, D.C.-based think tank. ..."
‘A Kleptocrat’s dream’: US real estate a safe haven for billions in dirty money, report says Based on a review of more than 100 money-laundering cases, a new study finds that the U.S. has become a preferred destination for those looking to stash illicit funds through property.
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