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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. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. Why real estate?

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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

title insurance companies to identify the natural persons or beneficial owners behind shell companies used in non-financed purchases of real estate. Real estate purchases have been a successful vehicle for laundering money for many years, particularly through the shell companies that this GTO aims to negate. Learn More.

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London Cements Uber Ban Over Fake Identities

PYMNTS

Uber was declared “not fit and proper” to operate in London — the ride-hailing company’s largest European market — and now has three weeks to appeal, according to a Monday (Nov. London regulators refused to renew the ride-hailing company’s operating permit over safety concerns and drivers using false identities.

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Uber And Lyft Returning To Texas?

PYMNTS

Uber and Lyft, the two ride-hailing firms that left several Texas markets over controversy tied to fingerprint background checks, may be coming back. Lyft will also be able to come back to Houston, where Uber reigns. The statewide system is one that has been in place in 40 other states and overrides local regulations. .

Texas 100
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Path To World Series Brings Changes To Online Gambling

PYMNTS

But that doesn’t mean the money doesn’t flow during the baseball playoffs – evidence of that comes from Jim McIngvale, a Houston furniture store owner known as “ Mattress Mack ,” who just put $3.5 million on the Houston Astros to win the 2019 World Series. Payments Innovation. As The Wall Street Journal reported on Wednesday (Oct.

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Bankers: Is your strategy the same as your competitor?

Jeff For Banks

The Bank offers a wide range of deposit services including demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit with fixed rates and a range of maturity options. We believe we can effectively compete as a community bank in our market area and the niche markets we serve.

Strategy 100
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Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Fintech Labs Insights

All told, 12 fintech companies raised $205 million ($105 million equity, $100 million debt) this week. HQ: Houston, Texas. The post Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18 appeared first on Finovate. Tags: Risk management, security, regulation, compliance. Year-to-date, $7.7