MONEY LAUNDERING PUSHES UP PROPERTY PRICES IN WESTERN BALKAN CITIES

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.

https://intellinews.com/money-laundering-pushes-up-property-prices-in-western-balkan-cities-210580

https://globalinitiative.net/analysis/western-balkans-crime-hotspots-3/

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s