Money Laundering Thriving In Commercial Real Estate Outside Gateway Cities, Per Report

Money laundering is a persistent problem in U.S. real estate, and one that involves the commercial side more and more.
Between 2015 and 2020, more than $2.3B was illegally laundered through U.S. real estate transactions, according to a study of over 100 cases by economic integrity think tank Global Financial Accountability. More than 30% of the money in those cases was laundered through commercial real estate specifically.
Since 2015, real estate in the U.S. has become a “preferred destination” for individuals or entities looking to stash ill-gotten gains, partly because its regulations and enforcement mechanisms have lagged behind other financial