Here, I always admire Japanese laws whereby the papers of a Real Estate sales agreement are required to be sent to certain govt offices. If not sent, the Real Estate company may lose its license to operate.In the US these petty third world thieves are called Kleptocrats.
Klepto=Thief, Crat=govt. functionary
Kleptocrats are well-known sources for laundered money stolen from third world govts.
Yes - all kleptocrat-owned property in US and Canada are subject to forfeiture by Anti-Money-Laundering (AML) legislation in these two countries. Separate AML laws also exist for UK and EU.
Anti Money Laundering History: 1970 to 2022
2021 saw the most significant updates to the US AML act in all of anti money laundering history. Read about them here.complyadvantage.com
When a house is sold on cash payment, certain laws are activated and officers from the Tax and anti-corruption Offices start investigating the purchase separately.
I am surprised America or Canada does not have the laws to investigate this kind of purchases. It is good to see new laws will be applied from now on retroactively, and thieves from BD will be properly dealt with.
I wonder, how the Mother of Mafia Hasina Bibi's dear son Joy Kumar will be affected in America by the new laws. Some stupid social media says his worth is only $300 million.
@Atlas can give him good advice to forfeit his properties there and come back to BD.
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