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Business > Corporate News
Real estate exposed to money laundering
By Mayvelin U. Caraballo
Jul 14, 2021 1:06 am

THE real estate sector has a medium risk of money laundering (ML) and terrorism financing (TF) since it is vulnerable to illegal drugs, corruption, fraud and terrorism.

This is according to the Anti-Money Laundering Council's (AMLC) latest assessment of the real estate sector's exposure to ML/TF/proliferation financing.

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