FinCEN Renews Real Estate Geographic Targeting Orders
FinCEN has renewed its Geographic Targeting Orders requiring U.S. title insurance companies to identify individuals behind shell companies involved in non-financed residential real estate purchases, effective from October 16, 2024, to April 14, 2025, to aid in tracking illicit activities, with a new nationwide reporting rule set to replace these orders by December 1, 2025. [10/17/24]