FinCEN, Geographic Targeting Order, Title Company

New Requirements for Miami-Dade, Broward and Palm Beach Counties Real Estate Transactions

Share List The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a new Geographic Targeting Order (GTO) which supplements and supersedes all previous orders. The order directs all title insurance companies and its agents to report information about certain residential real estate transactions in Florida. As anticipated the GTO has expanded the types of real estate transactions that…

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Title Company, Wire Fraud

Title Company Wire Fraud Scams

Share List American Land and Title Association, ALTA, says the number of wire fraud scams reported by title companies to the Internet Crime Complaint Center (IC3) spiked 480% in 2016, according to a warning issued to businesses by the FBI. So how does this wire fraud scam work?  First the hackers identify the title company, mortgage company and the real…

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