Fed, other regulators crack down on money laundering

Uncle Sam is getting serious about illicit money laundering, especially as it applies to real estate. Here’s what the Fed and four other regulatory agencies are doing to take action against financial crimes that affect our industry every day.

What the new cash buyer rules mean for you

The U.S. Treasury Department is expanding previous regulations to more U.S. counties and lowering the sales price threshold for reporting.

Newport Beach couple charged with $5.9M real estate fraud

A Newport Beach couple is facing money laundering and grand theft charges on allegations that they stole in excess of $5.9 million in a real estate fraud scheme.

All-cash transactions in Miami further under microscope

Earlier this month disclosure requirements pertaining to all-cash residential sales were implemented in only two markets nationally, one of them being Miami-Dade County.

The primary reason Miami was singled-out, more than half of all residential sales…

19 red flags to detect money laundering

Because your elevator speech won’t do you any good in prison, keep your eyes open. If you observe any of the following activities, money laundering might be afoot …

International real estate agents could face ‘onerous’ anti-terrorism and money laundering regs

The Financial Action Task Force (FATF) — an inter-governmental body established in 1989 to combat money laundering and financing of terrorist groups — is carrying out a sector-by-sector review, with updated guidance on how the real estate sector shou…

IRS’ bitcoin guidance turns every transaction into a reportable capital gain or loss at tax time

The IRS has issued its first official guidance on how bitcoin and other digital currencies that are convertible into dollars or other real currencies on exchanges should be treated for tax purposes. The upshot is that, no matter what bitcoin’s …

San Diego agent falsified loan docs for ‘grow house’

Federal judge hands down 4-year sentence for money launderingread more

San Diego agent falsified loan docs for ‘grow house’

Federal judge hands down 4-year sentence for money launderingread more