WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal and expansion of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate.
FinCEN Acting Director Himamauli Das provided the following statement today before the U.S. House Committee on Financial Services: https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-dash-20220428.pdf
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FinCEN is the U.S. Financial Intelligence Unit