By Paul O’Donoghue
Two-thirds of money laundering cases involving U.S. commercial real estate involved a shell or holding company being used to obscure the owner’s true identity, a new report has found.
The study from Today Global Financial Integrity, in conjunction with the FACT Coalition and the Anti-Corruption Data Collective, looked at 25 cases involving proven or suspected illicit funds channelled into U.S. commercial property.
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