U.S. Renews Program to Root out Money Laundering in Real Estate Ahead of Larger Crackdown

Reported by CHAVA GOURARIE The U.S. Treasury Department has renewed a program to root out money laundering in certain high-end property markets beginning Wednesday, the agency announced. Under the program administered by the Financial Crimes Enforcement Network (FinCEN), certain investment advisors and real estate brokers are required to report the real identities of buyers and […]