Jump to Content
ABA: The American Bankers Association
Compliance News

FinCEN Reissues Real Estate Geographic Targeting Orders

The Financial Crimes Enforcement Network reissued its geographic targeting orders requiring U.S. title insurance companies in specified areas to identify the individuals behind companies used to conduct high-end, all-cash real estate transactions. The purchase amount threshold remains at $300,000 for each covered metropolitan area and the orders are effective May 5 to Oct. 31. The orders were first issued in 2016 for Manhattan and the Miami area and have since been expanded to other jurisdictions.

The orders continue to cover Bexar, Tarrant and Dallas counties in Texas; Miami-Dade, Broward and Palm Beach counties in Florida; all boroughs of New York City; San Diego, Los Angeles, San Francisco, San Mateo and Santa Clara counties in California; the city and county of Honolulu; Clark County in Nevada; King County in Washington; Suffolk and Middlesex counties in Massachusetts; and Cook County in Illinois.