London developer to allow rental deposit payments in bitcoin
5th September 2017
London developer to allow rental deposit payments in bitcoin
A London property developer is to allow its tenants to pay their deposits in bitcoin– the first time the virtual currency has been used in the UK residential homes market. Co-living pioneer The Collective has announced that prospective tenants can pay deposits from Monday in bitcoin. Read More
Dominican Republic: Industry fears impact of anti-money laundering law
22nd August 2017
Dominican Republic: Industry fears impact of anti-money laundering law
Business leaders are concerned over potential declining profits once the Anti-Money Laundering and Terrorism Financing Law is enforced. The construction and real estate sector fear a likely decline in economic activity, while industrialists see a negative impact on drawing investments by businesses across the country. Read More
‘Terrorism’ sanctions hit food prices, real estate in Qatar
16th August 2017
‘Terrorism’ sanctions hit food prices, real estate in Qatar
Sanctions imposed by other Arab states are continuing to push up food prices in Qatar while hurting the real estate market, but not to the point of damaging the economy severely, according to inflation figures released by the government. The annual inflation rate fell back in July, after spiking in… Read More
Amid CBA scandal, real estate money laundering ignored
9th August 2017
Amid CBA scandal, real estate money laundering ignored
To be sure, the CBA money laundering scandal is a big deal. 53,000 cash deposit breaches is disturbing no matter which way you cut it. But there is one money laundering honey pot that continues to be ignored by policy makers and the media, which should garner far more outrage… Read More
Paul Manafort under investigation by Robert Mueller over possible money laundering
24th July 2017
Paul Manafort under investigation by Robert Mueller over possible money laundering
Special Counsel Robert Mueller is investigating Donald Trump’s former campaign manager Paul Manafort over potential money laundering as part of the probe into Russia’s alleged interference in the U.S. election. On Thursday, The Wall Street Journal reported Mueller had begun looking into Manafort’s financial transactions several weeks ago, a source… Read More
Ex-Trump adviser Paul Manafort investigated for possible money laundering
21st July 2017
Ex-Trump adviser Paul Manafort investigated for possible money laundering
Former Trump campaign manager Paul Manafort is being investigated by special counsel Robert Mueller for possible money laundering as part of his investigation into Russian election-meddling, the Wall Street Journal reported late Thursday. The Journal reported both the Senate and House intelligence committees are also investigating Manafort for money laundering. Read More
Stephen Platt, Chair of the KYC Technologies Group, on the impact of tech on AML compliance
Stephen Platt, Chair of the KYC Technologies Group, on the impact of tech on AML compliance
Stephen Platt, Chairman of KYC Technologies, offers an optimistic perspective on the impact of technology on AML compliance. Read More
Money Laundering Regulations 2017: government rush threatens a teething period for property auctioneers
18th July 2017
Money Laundering Regulations 2017: government rush threatens a teething period for property auctioneers
New money laundering regulations could prove to be a headache for property auctioneers until those affected get to grips with the changes, according to leading figures in the industry. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the “Regulations”), as laid in Parliament… Read More
Why was a Russian money-laundering case in the US abruptly settled?
13th July 2017
Why was a Russian money-laundering case in the US abruptly settled?
Democratic members of the House Judiciary Committee sent a letter to Attorney General Jeff Sessions on Wednesday asking why the Department of Justice settled a major money-laundering case involving a real-estate company owned by the son of a powerful Russian government official whose lawyer met with Donald Trump Jr. last… Read More
Tom Barrack denies $190 million Italian tax evasion claim
2nd June 2017
Tom Barrack denies $190 million Italian tax evasion claim
Colony NorthStar Inc. Chairman Tom Barrack is accused by Italian prosecutors of conspiring to evade $190 million in taxes in the sale of luxury properties. Barrack denied the claim through an attorney. Read More
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