New in-depth analysis found unacceptable levels of money laundering risks in French real estate, despite transparency measures. Non-compliance, incomplete data, and loopholes are creating a brick wall for attempts to follow flows of dirty money into real estate. Six years after France began collecting information on the beneficial owners of companies, almost a third of legal entities have failed to comply. Consequently over 7.33 million parcels of land, which could contain one or multiple properties, are anonymously held. There is a dead end for efforts to follow the money of white-collar criminals, kleptocrats and sanctioned elites into French real estate, which is known to be a favoured destination for corrupt cash. Over 1.5 million registered entities have not yet declared who ultimately owns and benefits from them.