America Proposes Corruption Crackdown With Real Estate Focus
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The White House made an astronomical claim on Monday: that acts of corruption cost 2% and 5% of global gross domestic product. That would be about $1.7 to $4.2 trillion dollars, according to World Bank data.
How this figure was arrived at wasn't elaborated, but the US government said it plans to crack down on the problem in full force. Its first target: all-cash real estate deals, which will face intensified scrutiny for their ties to criminals and corruption under new proposed rules.
Source Fool.com
