In an effort to identify money-laundering schemes, the Financial Crimes Enforcement Network (FinCEN) has issued Geographic Targeting Orders (GTO) requiring all title insurance underwriters (including any of their subsidiaries or agents) to identify the names of individuals involved in shell companies and other legal entities that make all-cash purchases for high-end residential real estate in several jurisdictions around the United States. FinCEN issued a new GTO that starts Sept. 22, 2017 and ends March 20, 2018. FinCEN also issued this advisory, which provides information on how to detect and report these transactions to FinCEN.



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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.