cash transactions

Money laundering risks in Serbia’s real estate sector: Cash transactions, illegal construction and regulatory gaps

One of the common methods for injecting illegally obtained money into the legal economy is through the real estate sector. Money laundering frequently occurs via illegal construction, where the source of funds used for building unauthorized properties often goes unchecked, as highlighted in the report "National Risk Assessment – Risk Assessment of Money Laundering." In 2024, approximately 126,787 properties—including apartments, houses, business premises, agricultural and construction land, garages, and cottages—changed ownership, with a total market value of €7.4 billion. The…