Anti-Financial Crime & Financial Crime Compliance
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EU/Europe, Financial Crime

NEWS: 10% rise in money laundering causes 2% house price rise, reveals groundbreaking study

Facades of luxury apartment buildings are pictured at Mitte district in Berlin, Germany, August 29, 2019. REUTERS/Axel Schmidt/File Photo

By PAUL O’DONOGHUE, Senior Correspondent

MONEY laundering activity directly causes house price increases, according to a groundbreaking new study.

The report from the University of Trier in Germany examined suspicious money laundering reports submitted by real estate agents and notaries to the FIU Deutschland, the country’s financial intelligence unit.

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