Four additional high-end housing markets have been identified as potential hotbeds of money laundering, prompting the U.S. Treasury Department on Wednesday to expand geographic targeting orders initially deployed in Miami and Manhattan to parts of California and Texas.
The department’s Financial Crimes Enforcement Network will begin cracking down on pricey housing deals in Los Angeles County, the San Francisco Bay Area, San Diego County and San Antonio. All New York City boroughs and the other two counties in South Florida also will be covered by the orders taking effect Aug. 28.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
