New Money Laundering Rules Make Agents Report Cash Home Sales
The Treasury Department has issued regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate.
Treasury Proposes New Anti-Money Laundering Rules for Investment Advisers
The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system.
CRE Firms Face New Reporting Requirements Under Far-Reaching Federal Law
Real estate investors and developers who use LLCs or LPs to manage ownership of a project should take note. A new anti-money laundering law comes with new rules for telling federal officials who controls these entities.
Guilty Plea in Drug Money Laundering that Hit Mass. Banks
Prosecutors have announced a guilty plea in a case that saw $1 million in drug money laundered through banks in Massachusetts and elsewhere in the United States.
How to Prep a Home for the All-Electric Future
The shift toward all-electric living is underway. But if you are a buyer in today’s new home market, how do you navigate the transition to make sure your house is not outdated before you’ve hardly settled in?
The Fight to End Money Laundering Comes to America
Nowhere is this criminal enterprise more prominent than in real estate, both residential and commercial. And a new report says America has become a “safe haven” for this kind of money laundering.
Three Arrested, One at Large in Fraud Case
The individuals are charged with conspiring to deceive banks into allegedly processing more than $150 million in credit and debit card payments on behalf of merchants involved in prohibited and high-risk businesses.
Banker & Tradesman’s Editorial Cartoon: Got a Plan for That?
Who do you call when you realize you need to rein in money-laundering megabanks?
Warren Calls for Regulation in Wake of Megabank Money-Laundering Scandal
Massachusetts’ senior senator is calling for greater regulation of banks in the wake of new revelations that megabanks have continued to profit from money laundering and other illicit dealings despite warnings from regulators.
