In a surprise move the Fed announced plans to extend an ongoing investigation into six of America’s largest real estate markets. This is an issue which has been heavily publicised by the authorities as they look to control funding for US real estate transactions. There have been allegations for many years that real estate markets such as South Florida, to take one example, have been used by criminals to launder money back into the system. It is very difficult to prove money-laundering beyond reasonable doubt but the authorities are looking to introduce new regulations to make it more difficult. Read full article