FinCEN
Criminal activity in both residential and commercial real estate is going strong. The U.S. has become a “safe haven” for money laundering with real estate investments leading the way. The figures are “staggering” according to a recent report from Global Financial Integrity (GFI), a Washington-based research institute that studies the movement of illicit finances. They…
Read MoreFor those who are laundering ill-gotten gains via real estate transactions, regulators are about to make life much, much harder. Geographic Targeting Orders (GTO) are temporary regulations put in place by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The overall point of the orders is to understand and curtail money laundering, tax evasion, and…
Read More