The Financial Crimes Enforcement Network (FinCEN) has renewed its Geographic Targeting Orders (GTOs), mandating U.S. title insurance companies to disclose the individuals behind shell companies involved in cash purchases of residential real estate. Effective from April 19 to October 15, 2024, these GTOs aim to track illicit funds and inform FinCEN’s regulatory efforts. They cover specific counties and metropolitan areas across various states, with purchase thresholds ranging from $50,000 to $300,000. FinCEN acknowledges the support of title insurance companies and the American Land Title Association in combating real estate market abuse. Additionally, while reviewing comments on a proposed anti-money laundering regulation in the residential real estate sector, FinCEN has decided to extend the GTOs. For inquiries, contact FinCEN’s Regulatory Support Section at FRC@FinCEN.gov.
A copy of the GTO is available below
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}