Tag: FinCEN

Use of Shell Companies To Shield Identity Further Limited

By of MillarLaw A Professional Corporation On Monday, August 1, 2016

On July 27, 2016 the Financial Crimes Enforcement Network, (FinCEN) of the Department of the Treasury issued expanded Geographic Targeting Orders (GTO) that will: “temporarily require U.S. title insurance companies to identify the natural persons behind shell companies used to pay “all cash” for high-end residential real estate in six major metropolitan areas” The areas … Continue reading Use of Shell Companies To Shield Identity Further Limited