The real estate sector is one of the most significant economic sectors, valued at 3.7 trillion dollars worldwide in 2021. Such substantial amounts of money attract fraudsters and criminals, often involved in money laundering or terrorism financing.
In order to prevent money laundering through real estate and protect the industry, Know Your Customer (KYC) and Anti-Money Laundering (AML) controls are mandatory under AML regulations. They are created to ensure that money invested is traceable and not derived from criminal means.
Money laundering is a significant issue in the real estate sector. The Financial Action Task Force (FATF) estimated that the amount of money laundered in real estate reached 1.6 trillion dollars in 2021. There are several ways to launder money in real estate, including:
Cash payments: Fraudsters can hide behind a legitimate way of paying. With cash payments or deposits, it’s very difficult to track the origin of the money.
Property price manipulation: This is typically done by artificially enhancing real estate value with renovations.
Blockpass provides identity verification that covers both KYC and AML regulatory compliance⁵⁷. Individuals and business fill out the relevant details and are promptly checked against the required lists and criteria to ensure they are not associated with criminal activity⁷
Conducting AML & KYC checks on real estate investors and buyers, particularly foreign investors, is crucial to prevent money laundering and protect the industry. Blockpass.org provides quick, inexpensive and comprehensive solution for these checks, ensuring that all transactions are secure, legal, and transparent.
Blockpass groundbreaking compliance solutions
Securities or Commodities? New Bill Draws a Line for US Digital Asset Regulation
Legislation aims to provide regulatory clarity to attract institutional capital while defining the roles of the SEC and CFTC.
CFTC Issues No-Action Letter to Polymarket, Opening Possible US Market Entry
Big news for the crypto and prediction markets! The CFTC has issued a no-action letter to Polymarket, signaling a potential new era for regulated crypto products in the US.
Unlock Your Crypto Compliance with Blockpass' Travel Rule Hub
In the fast-paced world of digital assets, navigating the global regulatory landscape isn't just a challenge—it's a critical necessity. For Virtual Asset Service Providers (VASPs), the FATF's Travel Rule looms large, demanding a robust and reliable c...
Japan Reveals Landmark Shift in Crypto Asset Regulation
Japan's Financial Services Agency (FSA) announced on 2 September 2025 a landmark shift in crypto asset regulation, aiming to enhance investor protection by bringing digital assets under the country's main securities law, the Financial Instruments and...
Global Crypto Regulatory News - 1 September 2025
Whilst Blockpass monitors and adapts to regulatory changes around the world, we only cover some of the news and developments in articles on the Blockpass blog. However, to showcase more information around what is going on in the blockchain and crypto...
Global Crypto Regulatory News - 1 August 2025
Whilst Blockpass monitors and adapts to regulatory changes around the world, we only cover some of the news and developments in articles on the Blockpass blog. However, to showcase more information around what is going on in the blockchain and crypto...
To get started, you can set up a business account at console.blockpass.org to freely test out the platform. You can set up your KYC service immediately by following the directions in this Simple Guide for Customers. If you like to speak to a Blockpas team member, please pick a time at calendly.com/blockpass.
