Senators call for investigation into real estate money laundering law vulnerabilities
The risk of money laundering in residential real estate is high. That’s according to two U.S. senators who are...
fincen
Feds look to seize Porsche Tower condo unit tied to $1B money laundering case
UPDATED, Aug. 7, 4:55 p.m.: Federal officials are seeking to seize a condo unit at Porsche Design Tower in...
Sen. Rubio wants to thwart real estate-targeted money laundering
Florida Republican Sen. Marco Rubio is seeking more transparency of shell companies’ purchases of U.S. real estate in an...
Fed renews crackdown on cash buyers of luxury real estate
The federal government renewed its geographic targeting order of luxury residential purchases in six major markets, including South Florida,...
How Miami’s real estate market is coping with Treasury’s shell company crackdown: panel
For those in Miami’s real estate market waiting for the Treasury Department to stop tracking shell companies that buy luxury homes, don’t hold your...
What does federal tracking of luxe homebuyers mean for Broward and Palm Beach?
When the federal government announced in January that it would track shell companies buying luxury homes in Miami, many...
Feds expand controversial tracking of secret home buyers to Broward, Palm Beach and more
Saying it’s already uncovered a bevy of suspect activity, the federal government announced Wednesday that it’s expanding the highly...
Treasury move “just the beginning” in identifying secret buyers of luxe real estate: event
The U.S. Treasury Department’s efforts to determine the true identities of secret all-cash buyers of seven-figure luxury condos is rife with loopholes, experts said...
FinCen director on all-cash scrutiny broadening anti-money laundering in real estate
A new requirement that title companies report all-cash luxury home purchases in Miami-Dade County has broadened a longstanding federal...
Does the new FinCEN regulation affect you?
The federal government’s tracking of secretive cash deals for pricey Miami real estate began Tuesday, and the question on Realtors’ minds has been “How does this affect me?” Not as deeply as you might...
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