Treasury Moves to Shine a Light on Real Estate Transactions
Recently, the U.S. Treasury Department said it would begin demanding to know the names of folks behind the shell companies, which ultra-wealthy foreigners use to hide behind multimillion-dollar real estate purchases. Efforts by the U.S. Treasury Department to police more closely large cash purchases of real estate as a method ...
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
ArticleExperts warn of increased global AML risks as criminals seek to launder Venezuelan money
The U.S. action to remove President Nicolás Maduro of Venezuela and reopen access to the country’s oil reserves will have a significant impact on geopolitics and organized crime activities – creating new challenges for global compliance teams.
-
ArticleU.S. sees steep drop in penalties in 2025, while fines elsewhere increase
Firms worldwide got a break in 2025 on penalties for anti-money laundering (AML) failures, a new report has found.
-
ArticleFormer TD branch manager admits laundering $92 million for gift card bribes
A former TD Bank assistant branch manager in New York was instrumental in helping a $653 million drug money laundering operation, known as “David’s Network,” wash dirty money through the bank, the U.S. Department of Justice announced Tuesday.