Items Tagged with 'Treasury Department’s Financial Crimes Enforcement Network'

ARTICLES

  • Here’s what title insurers need to know about the feds’ new rules for all-cash real estate deals

    Deloitte experts on FinCEN’s new requirements
    [Expert commentary] Last month, the Treasury Department’s Financial Crimes Enforcement Network announced that it was expanding on its rules that require title insurers to report buyers’ identities and the source of the funds for certain residential real estate deals. Here's what title insurers need to know about the new rules and what they can do to comply with them.
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  • Did the Feds clean up Miami's dirty real estate market?

    Buyers may be substituting new ways to buy property
    A study conducted by economists at the Federal Reserve Bank of New York and the University of Miami indicate a 95% decrease in home purchases by shell companies and other corporate entities in Miami-Dade County, according to an article by Nicholas Nehamas and Rene Rodriguez for the Miami Herald. However, there is speculation that shell companies are now “substituting” new ways to buy property.
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