Abrigo
JUNE 27, 2023
Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. New York City and Miami were the original targets under the first order in 2016.
Abrigo
OCTOBER 31, 2022
The purchase amount threshold for the GTOs to apply remains at $300,000 , where it has been set since 2018 when it was determined that money laundering is widespread within all residential real estate, not only on higher-end, expensive properties. New York City and Miami were the original targets under the first order in 2016.
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