Subero warns of laundering

[NewsWhore]

Chief Justice Jorge Subero Isa has told a meeting of international experts on land registrations that money laundering was a major influence in the counterfeiting and falsification of property titles. He said that with "drug trafficking permeating national and international structures at all levels, there is a real danger, every day" that real estate will be used to launder or "whiten" money from illegal activities. He added that as real estate becomes more attractive, there is a greater impulse to turn to counterfeiting and forgery of land titles and registrations. According to Diario Libre, another issue he touched upon was the ability to reconstruct land titles and registrations after national disasters, as occurred in Haiti, which he called a "tsunami" that destroyed every symbol of power in Haiti along with identities, and property registrations. He encouraged the Dominican Republic to take steps to prevent a disaster of this type from occurring in the future.

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