Political infighting is choking efforts to reveal kleptocrats and terrorists using U.S. real estate to wash dirty money

A Malibu mansion and Gulfstream jet were seized from the playboy son of the president of Equatorial Guinea, who pilfered hundreds of millions of dollars from his starving country. Authorities retrieved $100 million from a bank used by Hezbollah to wash money from drug trafficking. And a foreign not-for-profit is facing charges that it helped Iran evade sanctions by secretly investing in a Manhattan skyscraper. In each case, American shell companies masked the true identities behind […]

Read Full Article >> https://therealdeal.com/issues_articles/money-laundering/#new_tab

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