Learn How to Uncover Illicit Real Estate Transactions and Protect Your Business from Being a Victim of Corruption
Real estate has become one of the most preferred methods of hiding money, as revealed in recent events, such as the Panama papers. While investing in real estate is usually a legitimate activity, criminals and corrupt parties are using the real estate system almost like a parallel banking system to store money and transact business. This has often been accomplished through shell and anonymous entities to hide the true ownership from public eyes. So what steps should firms and institutions take to protect themselves from being caught up in illegal transactions?
In this webinar, certified anti-money laundering specialist Kenneth Barden will bring you up to speed with the problem and extent of money laundering and corruption in real estate, and walk you through recent events to highlight the importance of addressing this menace. You will get an up-close view of how money laundering occurs in real estate, the main areas of risk, and the legal initiatives being taken to address the issue. You will also learn about beneficial ownership and shell companies, as well as how to do your due diligence and protect your organization from getting caught up in the web of money laundering and corruption. Barden will also share a few useful resources for guidance.
After attending this webinar, you will learn how to uncover suspected illicit activities in real estate transactions via different approaches, tolls and methods. You will also know the necessary reporting requirements. Best of all, you will be able to protect your firm or institution from illegal transactions.
This session will bring you up to speed with:
Problem and extent of money laundering and corruption in real estate
Recent events highlighting the importance of addressing money laundering and corruption in real estate
How money laundering occurs in real estate
Main areas of risk for money laundering and corruption
Legal initiatives addressing corruption and money laundering in real estate
Beneficial ownership, shell companies, and due diligence
What can an institution or firm do to protect itself
Kenneth Barden is a lawyer and an independent consultant for several international development projects, including ones funded by USAID, the MCC, World Bank, UN, Asian Development Bank and others. Ken served as Team Leader for the Indonesia Control of Corruption Project in Indonesia, working on ant...
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