US Set to Unveil Long-Awaited Crackdown on Real Estate Money Laundering

August 13, 2023

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FILE PHOTO: The downtown skyline of Miami, Florida November 5, 2015. REUTERS/Joe Skipper/File Photo

NEW YORK, Aug 10 (Reuters) – The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.

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