eprintid: 4382
rev_number: 5
eprint_status: archive
userid: 1
dir: disk0/00/00/43/82
datestamp: 2023-09-12 11:36:10
lastmod: 2023-09-12 11:36:10
status_changed: 2023-09-12 11:36:10
type: thesis
metadata_visibility: show
sword_depositor: 1
creators_name: Meinardi, Martine
creators_id: S4505921
creators_email: martinemeinardi@gmail.com
title: The signals of money laundering and tax fraud through offshore residential real estate purchases
ispublished: unpub
full_text_status: public
abstract: This thesis quantitatively investigates the relationship between the use of a secrecy jurisdiction by a commercial offshore investor and whether or not the Dutch housing unit purchase is part of a portfolio transaction. The aim of this study is to identify money laundering signals for data extraction that can be applied to variables in a dataset in case the government designates the Dutch Land Registry as an authority required to adhere to the guidelines of the Money Laundering and Terrorist Financing Prevention Act (Wwft), alongside their duty to register property purchases. Existing literature reports a qualitative relationship between the use of a secrecy jurisdiction and mispricing. Concealing the price of property is possible through a portfolio transaction in which the price per property is not stated in the Dutch deed. To conduct analyses, a micro dataset from the Dutch Land Registry is used with information derived from deeds of every residential housing unit in the Netherlands acquired by commercial companies from a jurisdiction outside the Netherlands between 2010 and 2022. The results of the exploratory analysis show that 88% of the purchased housing units in the dataset are part of a portfolio transaction, and 3.2% of the housing units are purchased through a secrecy jurisdiction. At a housing unit level, the results of a binary logistic regression analysis show a negative relation between the use of a secrecy jurisdiction and the housing unit being part of a portfolio transaction. Further research is required to further define money laundering signals.
date: 2023
pages: 45
thesis_type: master
degree_programme: VG
tutors_name: Duijn, M. van
tutors_organization: Fac. Ruimtelijke wetenschappen, Basiseenheid Economische Geografie
tutors_email: Mark.van.Duijn@rug.nl
security: public
keywords_local: money laundering
keywords_local: tax evasion
keywords_local: commercial offshore companies
keywords_local: residential real estate
keywords_local: secrecy jurisdiction
keywords_local: portfolio transaction
language_iso: en
date_issued: 2023-09-10
citation:   Meinardi, Martine  (2023) The signals of money laundering and tax fraud through offshore residential real estate purchases.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/4382/1/Martine_Meinardi_S4505921_Master_Thesis.pdf