12h00 ▪
3
min at reading ▪
A global study shows that the property remains widely used for money washing, and the gaps are identified in all the analyzed countries, even in France, which is still located among good students.
Real estate always valued for washing money
Transparency International and collective data of the anti -corruption team (ACDC) published their first world index on the opacity of real estate markets on Wednesday. This study analyzes 24 different jurisdictions and confirms what experts have suspected for a long time: the property represents a privileged vector for washing illegal capital.
The attractiveness of the real estate sector explains three factors for illegal capital:
- The high value of the goods allows to whiten significant amounts in one transaction
- In most countries studied, inspections remain insufficient
- Complicated legal assembly (screens, trusts) facilitate the anonymity of real owners
The data is indicative: in the United States, approximately $ 2.3 billion in real estate investment would come from illicit funds (2015–2021). In the UK, the qualities belonging to corruption Russians would be almost $ 1.9 billion.
France among good students but it is necessary to progress
The index of the opacité (Oreo) opaque index will place France in the third position in the world ranking behind South Africa and Singapore. This honorary performance is explained mainly by the transparency of French real estate data, especially the characteristics held by legal entities.
The French cadastre and notarial databases represent rare tools in the fight against opacity. In recent years, France has also strengthened its system against flow, with the obligation of many experts to report suspicious transactions.
However, the report shows the persistent shortcomings in the French system. Real estate traders and real estate traders are not subject to the same obligations as notaries or real estate agents in the fight against money laundering. This exclusion creates a gray area from which financial criminals can benefit.
At the other end of the ranking, Australia, South Korea and the United States are closed. Dubai is particularly attached as ” A real paradise for opaque transactions »»Where investments in real estate can serve as a refuge for a capital of dubious origin.
The fight against money laundering requires enhanced international cooperation and harmonization of transparency rules. Despite its favorable position, France must fill its regulatory shortcomings so that it does not become a privileged goal of criminal networks that now follow alternatives to jurisdictions.
Maximize your Cointribne experience with our “Read to Earn” program! For each article you read, get points and approach exclusive rewards. Sign up now and start to accumulate benefits.
Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.