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by wwtdtgotiatl 1036 days ago
> or don't start a company to make money off of money laundering

Funny because real estate agencies across the western world rake it in without fear.

1 comments

To the best of my knowledge, most real estate agencies don't deal in cash transactions (as in "bags of"). Money is transferred from bank to bank. The banks have the responsibility to uphold KYC (know your customer) and AML (anti-money laundering) rules. By the time a real-estate agent and vendor get it, the money has already been washed.