The real estate sector is a haven for illicit money laundering activities, largely due to the scale and complexity of transactions involved. Each year, billions of dollars are laundered through this sector and the Financial Action Task Force (FATF) believes that real estate accounted for up to 30% of criminal assets confiscated in the last two years. Even so, the sector appears to be slow when it comes to regulation and enforcement. This white paper examines why the global real estate market is one of the favorite targets for financial crime and what can, should, and in the short term, will be done about it.