Real Estate Fraud

A specialized certified program that examines the most common real estate fraud schemes in the Saudi market, ranging from property valuation manipulation and document forgery to sham property transactions and mortgage fraud. The program equips participants with practical due diligence, verification, and fraud detection techniques to identify and mitigate fraud risks before and during real estate transactions, while incorporating Anti-Money Laundering (AML) requirements applicable to the real estate sector.

Duration: 3 Days
Training Hours: 18 Training Hours
Target Audience: Professionals working in real estate development companies, real estate brokers, mortgage finance officers in banks, and compliance auditors.
Delivery Mode: In-person / Hybrid

Detailed Learning Objectives

By the end of the program, participants will be able to:

• Identify the most common real estate fraud schemes, including document forgery, inflated property valuations, and fictitious property transactions.
• Apply due diligence procedures for real estate transactions in accordance with the requirements of the Real Estate General Authority (REGA) and the Zakat, Tax and Customs Authority (ZATCA).
• Verify the authenticity of title deeds, ownership documents, and property valuations while identifying indicators of manipulation and fraud.
• Link real estate fraud indicators to Anti-Money Laundering (AML) obligations and prepare Suspicious Transaction Reports (STRs) where appropriate.
• Understand the Saudi regulatory framework governing real estate transactions, including the roles of the Ministry of Justice, the Real Estate General Authority (REGA), and applicable disclosure requirements.

Key Topics

• Common Real Estate Fraud Schemes: Property valuation manipulation, forged title deeds, double-selling, and ownership fraud.
• Fictitious Property Transactions: Sham sales and purchases, nominee arrangements, the use of shell companies, and fraudulent intermediaries.
• Mortgage and Real Estate Financing Fraud: Inflated appraisals, fraudulent financing arrangements, and mortgage-related fraud indicators.
• Real Estate Disclosure and Information Systems: Regulatory disclosure requirements and the use of Saudi real estate platforms and records, including Ejar, Nazaha, and Bayan, to support due diligence and fraud detection.
• Saudi Case Studies: Analysis of significant real estate fraud cases, investigative approaches, and key lessons learned from the Saudi market.