How New York Real Estate Became a Dumping Ground for the World’s Dirty Money | The Nation
▻https://www.thenation.com/article/archive/how-new-york-real-estate-became-dumping-ground-worlds-dirty-money
Il est #illégal que l’argent sale aille ailleurs qu’aux #Etats-Unis,
The Patriot Act, passed after the 9/11 attacks, requires that banks, securities houses and other financial firms follow stringent anti–money laundering rules and report suspicious transactions to law enforcement. Real estate and escrow agents were included on the list, but a loophole in the law gave an opening for the US Treasury to “temporarily” exempt the real estate industry from these requirements. A dozen years later, the exemption still stands.