by Jeff Sorg | Nov 2, 2017 | Mortgage, Real Estate
FinCEN assesses civil money penalty against Lone Star National Bank (Lone Star) of Pharr, Texas for willfully violating the Bank Secrecy Act By Jeff Sorg, OnlineEd Blog (November 2, 2017) (WASHINGTON, D.C.) – The Financial Crimes Enforcement Network (FinCEN)...
by Jeff Sorg | Aug 23, 2017 | Mortgage, Real Estate
Geographic Targeting Orders expanded to include Honolulu, Hawaii OnlineEd Blog (August 23, 2017) (WASHINGTON, Aug. 22, 2017/FinCEN) The Financial Crimes Enforcement Network (FinCEN) today announced the issuance of revised Geographic Targeting Orders (GTOs) that...
by Jeff Sorg | Mar 1, 2017 | Mortgage, Real Estate
FinCEN is covering title insurance companies because title insurance is a common feature in the vast majority of real estate transactions. OnlineEd Blog (March 1, 2017) – WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal...
by Jeff Sorg | Feb 28, 2017 | Mortgage, Real Estate
Merchants failed to establish and implement an adequate anti-money laundering (AML) program OnlineEd Blog (February 28, 2017) – WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $7 million civil money penalty (CMP)...
by Jeff Sorg | Jul 28, 2016 | Mortgage, Real Estate
Geographic Target Orders are Helping Identify Unlawful Cash Purchases of Real Estate By Jeff Sorg, OnlineEd Blog (July 28, 2016) – Geographic Targeting Orders (GTO) that will temporarily require U.S. title insurance companies to identify the natural persons...
