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Corruption and Real Estate in Australia, Canada, the UK and the US



A Transparency International report released on 30 March 2017 said that the governments of Australia, Canada, the UK and the US need to close glaring legal loopholes to prevent the corrupt elite from laundering the proceeds of grand corruption in their local real estate markets.

The impact of overseas investment in Australia’s real estate is not limited to elevating home prices.  There is clear evidence that such investment in Australian property is also an easy and convenient way to hide hundreds of millions of dollars from criminal investigators, tax authorities or others tracking criminal behaviour and the proceeds of crime.

In a report released today Doors Wide Open Corruption and Real Estate in Four Key Markets, in advance of the Anniversary of the release of the Panama Papers, Transparency International calls on the Governments of Australia, Canada, UK and USA to close the legal loopholes to prevent the corrupt elite from laundering the proceeds of grand corruption in their local real estate markets.

READ MORE in the TI Australia press release






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