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Study cites use of shell companies in US luxury property deals

Several NY lawyers caught on camera providing advice on how to move suspect money into US

Published Mon, Feb 1, 2016 · 09:50 PM
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New York

WITH attention growing on the use of shell companies in high-end real estate, an activist organisation released a report on Sunday night that said several New York real estate lawyers had been caught on camera providing advice on how to move suspect money into the United States.

The report is the result of an undercover investigation carried out in 2014 by Global Witness, a non-profit activist organisation that has been pushing for stricter money-laundering rules. The lawyers featured in the report include a recent president of the American Bar Association.

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