June 18 2018
According to the publication, the criminals are primarily interested in the real estate sector since they can use it for money laundering. The industry is currently experiencing a real boom in the country, while control over it is still not sufficient, which allows legalizing significant “shadow” capitals.
Since 2009, the turnover in the German real estate sector has grown significantly, amounting to 236.5 billion euros in 2016. Due to the high volumes of transactions in the real estate, the industry is associated with risks, was the federal government’s response to the inquiry of Bundestag’s Green Party.