On 15 May, BNE Intellinews reported that the real estate and construction sectors are being used to launder illicit money from the drugs trade and migrant trafficking in the Western Balkans, leading to a hike in property prices, according to a report by the Global Initiative Against Transnational Organised Crime. Laundering money through construction and real estate businesses is said to be popular because it remains relatively easy and can absorb large amounts of capital.  The report homes in on some of the money-laundering hotspots in the region that have seen strong increases in property prices in recent years.

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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