The Financial Crimes Enforcement Network of the U.S. Treasury Department released a list of Geographic Targeting Orders that will require title companies in certain cities to collect data and file reports in some residential real estate transactions from Nov. 17 through May 15, 2019. The list includes some new municipalities, including Cook County.
Cook is a new addition to the list, according to the National Association of REALTORS® story, “Money Landering GTOs Expanded.” The Geographic Targeting Orders are for residential non-financed transactions of $300,000 or more.
The NAR provides more details about Geographic Targeting Orders, money laundering, the Financial Crimes Network and more. Read it now.