In recent years, various governmental entities believe they have identified vulnerabilities in the purchase and sale of U.S. real property, which makes it possible for criminals to take advantage of real estate money-laundering schemes.
It is believed the purchase of real estate, often combined with methods to conceal a purchaser’s identity and source of funds, can allow criminals to take the ill-gotten proceeds and either park the wealth or integrate the proceeds into the legal economy.
Escrow and title companies can do their part to help the appropriate government authorities track certain
