The Bar Council
Will the Bar Association use cooperative housing associations to launder money for themselves and their clients?
The private condominium is ideal for money laundering as no public authority registers who owns the apartment. The private cooperative is ideal for rent, as the apartment can be rented without paying tax, no authorities control the private cooperatives.
Lawyers and real estate agents have managed to get the so-called parental purchase - family purchase - landlord purchase introduced at private cooperative housing associations. Thus, today it is an obvious opportunity to launder money through the purchase of condominiums. Even so-called interest associations for cooperative housing associations have given up the original idea with the private cooperative housing associations, in order to achieve the greatest possible profit by selling the apartment.