Miami Herald and FIU on Laundering Money via International Trade

It’s really good to have both FIU and the Miami Herald monitoring this issue that effects Miami's commercial real estate market. Be sure to read the Business Monday May 11th article in Miami Herald on “Money Laundering”. If you are interested in this topic, be sure to read the full article at http://business.fiu.edu/pdf/PrintMay2009/money-laundering-through-international-trade.pdf

My firm deals with many customers in the international trade business, importing and exporting. For those we do not know, we are sure to screen them as best we can before we do business. Some of my landlord clients demand this before they will execute lease agreements on their Miami warehouses. We are also asked to visit any prospective tenants current location to see their operation ensuring that is legitimate and active. Tenants are required to fill-out credit applications and are also screened via the US PATRIOT Act.