Luxury real estate is 'at the top of the list' as the Justice Department investigates Russian money
Wealthy Russians have long invested in luxury real estate across the US, from high-end apartments in Florida to multi-million dollar townhomes in New York City.
Now, those assets are "at the top" of the Justice Department's list as the US looks to crack down on Russian money laundering, according to Andrew Adams, the head of the Justice Department's KleptoCapture task force.
"All sorts of assets are on the table, for sure. And bringing up real estate is particularly pertinent," Adams told CNN in an interview published Friday. "The way in which much money laundering is occurring is through large, stable value assets. Real estate is at the top of the list for that kind of investigation."
Money laundering investigators specifically look for "extremely expensive real estate in stable economies," he told the outlet.
https://www.msn.com/en-us/money/realestate/luxury-real-estate-is-at-the-top-of-the-list-as-the-justice-department-investigates-russian-money-laundering-doj-official-says/ar-AAX1GS9
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