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Tag: wire fraud

fincen

New FinCEN Requirements for Some Florida Counties

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a newly updated 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…
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Wire Fraud Scams are Coming to a Closing Near You

Beware of Wire Fraud with Title Company Closings 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? One…
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