WASHINGTON D.C. – A new report on money laundering in the United States finds that more than US$2.3 billion was laundered through U.S. real estate over a recent five-year period and that commercial real estate is involved in many of those transactions. The study, titled “Acres of Money Laundering: Why U.S. Real Estate is a Kleptocrat’s Dream,” dives into the murky world of global money laundering and demonstrates the ease with which kleptocrats, criminals, sanctions evaders, and corrupt government officials use the U.S. real estate market to hide and launder proceeds from illicit activities. 

To better understand the extent of real estate money laundering in the U.S. and identify trends, Global Financial Integrity (GFI) analyzed 125 cases reported between 2015 – 2020 in the U.S., the UK and Canada. Through a combination of case analysis and…

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