Report details ways homes are used to launder money

Money laundering harder to spot than mortgage fraud

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About one in five suspicious activity reports banks file with federal regulators over concerns about a residential real estate transaction show signs of money laundering or tax evasion, according to a new Treasury Department report.

The report found evidence of money laundering or "structuring" — transactions involving incomplete or falsified records — in 20 percent of suspicious activity reports involving residential real estate transactions between 1996 and 2006.