by AdrianaAMLP | Feb 21, 2024
Arrests announced in Merseyside and Greater Manchester amid investigation of Signature Group, a business that attracted over a thousand UK and international investors in the redevelopment of iconic landmarks including Belfast’s Scottish Mutual Building and the Coal...
by Jyotsna Bucktowar | Feb 7, 2024
The proposed rule would require certain professionals involved in real estate closings and settlements to report information to FinCEN about non-financed transfers of residential real estate to legal entities or trusts. FinCEN’s proposal is tailored to target...
by AdrianaAMLP | Jan 17, 2024
Global West Realty Limited was found to have failed to: ensure that an appointed person be responsible for implementing a compliance program; develop and apply written compliance policies and procedures; assess and document money laundering or terrorist activity...
by Jyotsna Bucktowar | Dec 11, 2023
The U.S. Treasury Department said its FinCEN unit is planning to propose a long-awaited rule aimed at curbing money laundering in real estate in early 2024. The regulator is also aiming to issue a notice of proposed rulemaking that would require investment advisers...
by AdrianaAMLP | Jan 25, 2023
FinCEN issued an alert cautioning all FIs regarding potential investments in the U.S. commercial real estate (CRE) sector, by or on behalf of sanctioned Russian elites, oligarchs, their family members, and entities through which they act. This alert complements...
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