I previously wrote about the the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) “Geographic Targeting Orders” (GTOs) here (August 2016), here (February 2017), and here (August 2017 update). The GTOs were updated again beginning March 21, 2018, and extended to September 16, 2018, unless superseded, and except as is provided in Section III.C of…
I previously wrote about the the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) “Geographic Targeting Orders” (GTOs) here (August 2016) and here (February 2017) . The GTOs were updated again and expanded to cover even more transactions. The GTOs require that title insurance underwriters and their agents report information about certain residential real estate…
NOTE: The information in this post is outdated due to passage of time. Please review our updated post from August 2017. Last year, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued “Geographic Targeting Orders” (GTOs) which require that various title insurance underwriters and their agents report information about certain residential real…
NOTE: The information in this post is outdated due to passage of time. Please review our updated post from August 2017. On July 22, 2016, FinCEN issued “Geographic Targeting Orders” (GTOs) requiring “Covered Businesses” in various jurisdictions to collect and report information about certain “residential real property” transactions. The GTOs temporarily require U.S. title insurance…