Published: November 20, 2018
Revised PRDS® AFGT per New Federal Requirement on Geographic Targeting...
Last week, the U.S. Treasury Financial Crimes Enforcement Network (FinCEN) announced the issuance of revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate. Upon release of the new Order (effective Saturday, November 17, 2018), the PRDS AFGT has been updated to reflect the requirements of the new Order and is live online on PRDS on Instanet.