Real estate popular choice for laundered money

Author
Newstalk ZB,
Publish Date
Tue, 26 Nov 2019, 12:03PM

Real estate popular choice for laundered money

Author
Newstalk ZB,
Publish Date
Tue, 26 Nov 2019, 12:03PM

Real estate appears to be where most dirty money is being hidden.

A new police report has revealed $1.35 billion of laundered money is generated each year.

Anti-Money Laundering expert Ron Pol told Mike Hosking real estate is a popular choice for criminal investment.

He says it's a very simple way to hide the process of serious crime, .

"It's also extremely difficult to identify with the current systems."

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