Tag Archives: purchasing real estate in an LLC

Update: Treasury Department Disclosures (GTO) Required For All-Cash Real Estate Transactions Has Been Expanded!

money laundering photo

Money Laundering, All-Cash Residential Real Estate Transactions and the Department of the Treasury! In August 2016 Hallmark Abstract Service provided an overview of the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) disclosure rules, designed to determine who the true underlying buyers were in certain all-cash real estate transactions around the country. These transactions would […]