In an effort to identify money-laundering schemes, the Financial Crimes Enforcement Network (FinCEN) has issued Geographic Targeting Orders (GTO) requiring all title insurance underwriters (including any of their subsidiaries or agents) to identify the names of individuals involved in shell companies and other legal entities that make all-cash purchases for high-end residential real estate in several jurisdictions around the United States. FinCEN renewed for an additional six months an existing GTO, which now runs through Sept. 16, 2018. FinCEN also issued this advisory, which provides information on how to detect and report these transactions to FinCEN.



ALTA Advocacy


ALTA Advocacy Summit—the event formerly known as ALTA Federal Conference and Lobby Day—is the premier event that unites ALTA members with federal lawmakers to advance policies that affect American property rights. ALTA Advocacy Summit features round-table discussions and intimate forums on public policies regarding important topics such as title insurance, disclosure, mortgages and taxes.