Property fraud and money laundering

There’s an old saying in the world of property that you’ve probably heard - that the only three things that matter when buying one are location, location, location. So if geographic placement is the key indicator of future appreciation and value - what do places like London, Toronto, New York and Sydney have in common? Well according to the Tax Justice Network’s Financial Secrecy Index - they’re among the most attractive places in the world to launder money through real estate.Today on Collared we’re hearing how and why some locations have become hotbeds of this type of activity, what governments are doing to halt it and how ordinary housebuyers are affected by a distorted market.Plus...According to the Organisation for Economic Co-operation and Development (OECD), money laundering through real estate is one of the oldest known ways to move and hide illicit funds. So to understand just how prevalent this type of crime is today - we hear from CEO and Managing Partner at Turn Advisory, Tommas Kaplan about how criminals are infiltrating the property world and how they operate within it Hosted on Acast. See acast.com/privacy for more information.