Tagged: Treasury Department

FinCEN Expands Crackdown on Real Estate Buyers

Building on early successes, the Financial Crimes Enforcement Network (“FinCEN”) announced new rules targeting buyers of high-end real estate properties.  (Here). Earlier this year, FinCEN adopted rules focusing on high-end buyers of real estate in Miami and New York City. The new rules required title companies to report the beneficial owners of limited liability companies and shell companies which use cash to purchase high-end real...

Webinar: Review of Iran and Cuba Sanctions Programs — Compliance Challenges

Review of Iran and Cuba Sanctions Programs — Compliance Challenges February 16, 2016 12 Noon EST Sign Up Here The US government has implemented major changes to the Iran and Cuba sanctions programs. Recently, the Treasury Department’s Office of Foreign Assets implemented major revisions effective on Implementation Day under the US-Iran Nuclear Agreement. For compliance professionals, the revised restrictions raise serious compliance challenges.  In addition...