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NEW YORK (Reuters) - A long-awaited U.S. rule aimed at curbing money laundering in real estate has reached a key White House office for review, the final hurdle for it to clear before it can be ...
One study on the impact of money laundering on home values in Canada, conducted by a group of Canadian academics, found that money laundering investment in real estate pushed up housing prices in ...
Dominic F. Antonelli Jr. (April 8, 1922 – July 19, 2010) was an American businessman who was best known, in Washington, D.C., as a parking lot magnate where he co-founded Parking Management, Inc. (PMI Parking). He regularly dealt in real estate with Kingdon Gould Jr., Ulysses G. "Blackie" Auger, and others.
A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering to Colombia, New Jersey's attorney general said on Wednesday, in the first such arrest since ...
Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.
The second part focused on how the funds ended up in everyday consumer goods, such as real estate and luxury vehicles. [4] The report estimates the annual amount of money laundering in the province to be $7 billion. [5] It also reveals real estate and luxury vehicle purchases are frequently used to launder money in the province. [6]
Criminals have for decades anonymously hidden ill-gotten gains in real estate, Treasury Secretary Janet Yellen said in March, adding that as much as $2.3 billion was laundered through U.S. real ...
Denis Katsyv is a Ukrainian, [1] Russian and Israeli [2] businessman based in Moscow and owner of Prevezon Holdings Limited. He was linked in a civil forfeiture case to money laundering through real estate investments in the United States, in violation of the Magnitsky Act of 2012; the case was settled in 2017 with the United States Justice Department by Prevezon agreeing to pay $5.9 million.