Property buying, money laundering: An overview

By Sandra Fungai Kabaya (April 15, 2024, 2:36 PM EDT) -- Property buying and money laundering are two interconnected issues that have garnered significant attention in recent years. Money laundering is the process of converting illicit funds, obtained through illegal activities, into seemingly legitimate assets. Property transactions, particularly real estate, have become a popular method for money launderers to clean their illegal funds. This essay will explore the relationship between property buying and money laundering, the methods used in laundering and the steps taken to combat this issue....