The rigor with which real estate agents, notaries and even bankers in Germany pinpoint and report suspicious property transactions has come into question amid indications that criminals are increasingly using residential and commercial land deals to launder their profits, say sources.
COVID-19 may have crippled global trade, but a spate of arrests and seizures in Belgium show that drug trafficking and related cash flows in Europe have not stopped as a result, according to the country's financial intelligence unit, CTIF.
Real estate professionals in France were ordered Thursday to begin thoroughly vetting parties involved in property acquisitions to account for a higher likelihood for illicit finance amid the novel coronavirus pandemic.