Money laundering in the real estate sector : suspicious properties / Brigitte Unger, Joras Ferwerda with a contribution from Hans Nelen, Luuk Ritzen.

Cheltenham ; Northampton, Mass. : Edward Elgar Pub., 2011.

1 online resource (xi, 175 pages) : illustrations

Elgaronline.

In many countries, the real estate sector is vulnerable to money laundering due to a high number of factors including; the high value of assets, price fluctuations and speculation within the market, difficulties in assessing the true value of a house, and the fact that the legal owner is not necessarily the economic owner. In this book, the authors identify a total of 25 characteristics which render a property susceptible to money laundering. The more such characteristics a property exhibits, the more suspicious it becomes. The authors also discover that some of these characteristics weigh heavier than others. Combining economic, econometric and criminological analysis, this multidisciplinary approach shows how to detect criminal investment in the real estate sector.

Includes bibliographical references (pages 163-169) and index.

English

9781781000915 e-book

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