Browse Tag: us treasury department

The See-Through LLC: Federal Tracking Of Real Estate Shell Companies Is On The Rise

Seal of the United States Financial Crimes Enf...

In Miami-Dade County and Manhattan, be prepared this year for unprecedented federal oversight in the real estate deal space. Prompted by worries about money laundering, the US Treasury Department has announced it intends to require certain US title companies to identify the natural persons behind shell companies that are used to pay all cash for high-end luxury real estate.

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