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Proptech Takes Aim At Commercial Real Estate Money Laundering

by benzinga.com posted 4months ago 66 views
LONDON, Dec. 12, 2018 /PRNewswire/ -- The large capital sums involved in commercial real estate transactions are an attractive target for money launderers. For that reason, several international jurisdictions have recognised the need to make real estate agents responsible for conducting due diligence to prevent money laundering through real estate. Such legislation is already active in Europe and, from January 2019, real estate agents in New Zealand will also face stiff penalties for non-compliance with new anti-money laundering laws. The latest version of Surga Central, a leading PropTech platform for commercial real ...Full story available on Benzinga.com.

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