FinCEN targets cash real estate deals. Takeaways for bitcoin MSBs?
Recently, FinCEN issued a Geographic Targeting Order (GTO) requiring certain title agencies in New York and Miami to identify cash buyers of real estate. GTOs are a tool utilized by FinCEN to compel certain additional record-keeping and reporting requirements on financial institutions, non-financial trades, or businesses within a specific geographic area. At first glance, additional […]
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