Veil Over Money Laundering in Real Estate Lifted in BC, Canada by Stephen Punwasi • May 10, 2019 • 39 Comments “More than C$7 billion in dirty money was laundered in B.C. in 2018, hiking the cost of buying a home by about 5%, according to British Columbia’s Expert Panel on Money Laundering in Real Estate.”
How a Little Money Laundering Can Have a Big Impact on Real Estate Prices by Stephen Punwasi • Apr 24, 2019 • 43 Comments Money laundering in Canadian real estate is a widely accepted fact of life these days, but the impact isn’t.
Billions in Toronto Real Estate Bought Anonymously, with Funds of Unknown Origin by Stephen Punwasi • Mar 21, 2019 • 52 Comments Looking to launder some cash?
All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money by Don Quijones • Feb 26, 2019 • 51 Comments The banks claim they’re complying with anti-money laundering regulations.
Is China’s Debt Crackdown Hitting California’s Commercial Real Estate Bubble? by Wolf Richter • Jan 29, 2019 • 52 Comments Construction Halts on LA’s Chinese-Owned $1-Billion Oceanwide Plaza; Fretting Starts about $1.6-Billion Oceanwide Center in San Francisco.
Vancouver Condo Bubble Takes New Hit: Murky Condo Flippers Targeted in Pre-Sale Tax Hunt by Steve Saretsky • Jul 30, 2018 • 43 Comments The changes pose real threats to the highly speculative pre-sale condo market.
The EU Backs Off its War on Cash. Here’s Why by Don Quijones • Jul 30, 2018 • 47 Comments People view paying in cash “as a fundamental freedom, which should not be disproportionately restricted.”
Despite Wave of Cyber Attacks, Banks in Mexico Double Down on Biometric Tracking of Customers by Don Quijones • Jun 30, 2018 • 12 Comments For hackers, biometric data is the Holy Grail. Now banks, including the ones that got hacked, will require it from their customers.
Citibank, Deutsche Bank, ANZ to Fight Possible “Criminal Cartel” Charges in Australia by Safehaven • Jun 4, 2018 • 17 Comments There’s unconfirmed speculation JPMorgan may have been granted immunity as the whistleblower.
As Banks Embrace Biometric Tracking of Customers, Cybertheft Explodes in Mexico by Don Quijones • Apr 8, 2018 • 19 Comments With impeccable timing.
