US RENEWS GTO’S TO IDENTIFY HIGH END PROPERTY BUYERS IN SIX CITIES
February 1st, 2017
The United States Financial Crimes Enforcement Network (FinCEN) is renewing a series of temporary Geographic Targeting Orders (GTOs) to target potential money launderers using property to hide ill gotten gains. The orders force title insurance firms to identify beneficial owners of high-end cash property deals in six city areas. These include all the New York boroughs; Miami-Dade county, plus Broward and Palm Beach, in Florida; Los Angeles; San Francisco plus nearby San Mateo and Santa Clara; San Diego; and Bexar county, Texas, which includes San Antonio. FinCEN ...
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