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Tainted Treasures: Money Laundering Risks in Luxury Markets

April 2nd, 2017

Luxury goods sellers – from jewellers and real estate agents to yacht builders and diamond brokers – are doing little to check if their customers are using corrupt money to fund their high-end purchases.

This is the conclusion of a new report, Tainted Treasures: Money laundering risks in luxury markets, from the anti-corruption movement Transparency International, which found that little due diligence is done on luxury goods buyers and where there are laws, there is little enforcement.

 

"Offshore," "tax haven" and "Panama in the EU" are labels that Malta has done its best to shake off. https://t.co/pkI7uvuzJM
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