FinCEN has reported that property management, real estate investment, realty, and real estate development companies were the most commonly-reported entities associated with commercial real estate-related money laundering. 

The most commonly-reported activity appears to be money laundering to promote tax evasion. There also may be an increasing trend towards using commercial real estate-related accounts to launder money for politically-exposed persons and for promoting informal value transfer systems.

Additionally, FinCEN has issued guidance on real estate-related financial crimes, which include:

•Money Laundering
•Foreign Use of Counterfeit Funds
•Real Estate Facilitation of Human Trafficking
•Misappropriation of Funds
•Bank Insider Collusion
•Flipping and Straw Buyer Schemes
•Collateral Transfer
•Advance Fee Schemes