Real Estate Investor August 2022 | Page 190

Property provides a secure , liquid asset for money launderers to make use of in their schemes and allows them to clean their illicitly gained funds through the purchase of a stable asset by providing them with a potentially high yielding investment to provide ongoing benefits , for example by securing legitimate funds through monthly rental payments .
PROPERTY COMPLIANCE

The money laundering & terrorist financing vulnerabilities of SA ’ s Property Sector

By Marc Roper

Property provides a secure , liquid asset for money launderers to make use of in their schemes and allows them to clean their illicitly gained funds through the purchase of a stable asset by providing them with a potentially high yielding investment to provide ongoing benefits , for example by securing legitimate funds through monthly rental payments .

190 AUGUST 2022 SA Real Estate Investor Magazine