Feds expand crackdown on secret real estate deals beyond Miami, Manhattan

The End Of The Luxury Housing Boom: US Treasury Launches Crack Down On Secret Buyers Of Luxury Real Estate.. It is the first time the federal government has required real estate companies to disclose names behind all-cash. FinCEN Takes Aim at Real Estate Secrecy in Manhattan and Miami

The move is part of a broader crackdown on money laundering in American real estate. feds expand crackdown on secret real estate deals beyond Miami, Manhattan | Bradenton Herald SECTIONS

"Federal authorities on Wednesday announced a temporary anti-money-laundering crackdown on pricey homes bought secretly with cash in Miami-Dade County and New York City. The new policy will require title insurance companies to identify the true owners of shell companies that pay $1 million or more in cash for homes in Miami-Dade and $3 million or more for homes in New York City.

Feds expand crackdown on secret real estate deals (money laundering) beyond Miami and Manhattan. In Florida, if an all-cash real estate deal in Miami-Dade, Broward and Palm Beach counties exceeds $1 million, then buyers’ identities will have to be reported.

 · The Federal District Court in Manhattan concluded that Mr. Zukerman used his lawyers to mislead the I.R.S.. The U.K. would go to the back line for trade deals and could take a decade or more to strike new bargains with the. air conditioning and heating company to a $1 million claim from the president of a New York city real estate banking.

The Treasury Department announced last week that it would start demanding the identities of the people behind the shell companies that rich foreigners use to buy real estate in Manhattan and Miami-Dade County. This is a good step that should help law enforcement agencies crack down on money laundering, tax evasion and other crimes.

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U.S. Crackdown on Money Laundering in Luxury Real Estate Set to End The pilot regulations launched last year in places like Manhattan and miami expire thursday, and their future is unknown

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