Money Laundering in the Real Estate Sector

Brigitte Unger and Joras Ferwerda

in Books from Edward Elgar Publishing

Abstract: In many countries, the real estate sector is vulnerable to money laundering due to a high number of factors including; the high value of assets, price fluctuations and speculation within the market, difficulties in assessing the true value of a house, and the fact that the legal owner is not necessarily the economic owner. In this book, the authors identify a total of 25 characteristics which render a property susceptible to money laundering. The more such characteristics a property exhibits, the more suspicious it becomes. The authors also discover that some of these characteristics weigh heavier than others. Combining economic, econometric and criminological analysis, this multidisciplinary approach shows how to detect criminal investment in the real estate sector.

Keywords: Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
JEL-codes: F5 (search for similar items in EconPapers)
Date: 2011
ISBN: 9781849801263
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Citations: View citations in EconPapers (5)

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