With an increasingly competitive market, developers, sales
agents and other real estate professionals in Kingdom of Bahrain
(Bahrain) are under considerable pressure to
attract buyers and complete transactions.
The real estate sector is, unfortunately, vulnerable to money
laundering crimes. Money laundering is essentially the procedure
used to conceal the origin of funds which have been generated
through illegal activities. Money launderers often find real estate
transactions attractive as they are able to move their illegal
funds into the economy by way of a property transaction. As such,
illegal funds are concealed and proceeds derived from rents or
subsequent sales appear as legitimate sources of income.
