Description: In a broad show of support for increased scrutiny of foreign real estate buyers in the United States, 17 nonprofit organizations on Tuesday urged the Treasury Department to require that the real estate industry verify the identities of buyers and screen them for potential money-laundering risk.
Date: March 11, 2015
Questions for discussion:
- What should the role of real estate industry management be, with respect to monitoring illegal activity?
- Should the industry take a more aggressive leadership role?
- What are the risks and potential conflict between players in the industry?