On 23 September, Global Witness published a report saying that it found alarming that, in the US, there are few regulations and checks of who is purchasing homes. As a result, housing remains a key vehicle for criminals looking to stash cash, launder money, and buy up homes in a tight market. It uses 6 case studies to illustrate how it is done, saying that these are just the tip of the iceberg, and without urgent intervention, anonymous companies will continue to undercut and disadvantage ordinary Americans looking for housing. It argues that there is an urgent need for swift, effective action to curb the use of anonymous companies and their professional enablers. It makes a number of recommendations, including expanding the FinCEN Geographic Targeting Orders covering residential property nationwide and make them permanent.
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