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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

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Eastern Bank Readying For IPO

PYMNTS

Boston-based Eastern Bank , the nation’s largest mutual, is pushing ahead with plans to go public and shed its long-time format in a move that could raise nearly $2 billion, according to a press release. Shares of Eastern will trade on the Nasdaq Global Select Market under the symbol EBC, according to the filing.

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With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?

PYMNTS

Wynn Resorts runs the Encore and Wynn properties on the Strip as well as properties in Macau and the Encore Boston Harbor. However, consumers are reportedly turning to online casinos and sportsbooks, as the pandemic has closed brick-and-mortar casinos in markets such as the United States to minimize risk.

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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

26, 2022 , t he Financial Crimes Enforcement Network (FinCEN) reissued its Geographic Targeting Orders (GTOs) to expand its designated United States metropolitan areas. FinCEN GTO extended to combat real estate money laundering. GTO overview. What are Geographic Targeting Orders?

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Resy Rivals OpenTable With Reserve Acquisition

PYMNTS

With the addition of Reserve, which works with about 1,000 restaurants, most of them in Chicago, Washington and Boston, Resy will now serve about 4,000 restaurants in the United States. Leventhal added that Resy will also focus on helping restaurants market themselves more strategically. The service now seats about 1.4

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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

Amazon , in one case, has added a suburban Boston location to its roster of Amazon 4-star stores, marking the fifth location of its type in the United States. In fact, one of the Amazon Books stores is located close to Natick in another suburb of Boston, Dedham. The used-fashion market in the U.S.

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Fed moves up FedNow launch date

CFPB Monitor

Before FedNow is released, it will be extensively tested to ensure that it is market-ready. According to Kenneth Montgomery, first vice president and chief operating officer at the Federal Reserve Bank of Boston, the Fed does not yet have an estimate for the ultimate cost of the system. What is our 101 take on FedNow and RTP Network?