04/16/2025
GA is still in the clear. No additional compliance requirements for real estate transactions. (Read: send me your contracts!)
Georgia again is left off the list of states required to comply with additional fraud and money laundering rules.
FinCEN renewed the GTOs that cover certain counties and major U.S. metropolitan areas in California, Colorado, Connecticut, Florida, Hawaii, Illinois, Maryland, Massachusetts, Nevada, New York, Texas, Washington, Virgina, and the District of Columbia.
The Financial Crimes Enforcement Network (FinCEN) on Oct. 15 renewed its Geographic Targeting Orders (GTO) that requires U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate. The terms of the GTOs are effectiv...