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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

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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Buying into AML risks in real estate

Abrigo

New York City and Miami were the original targets under the first order in 2016. The Geographic Targeting Orders have been updated several times since then to add more areas, capture a broader range of transactions, and simplify reporting amounts with a $300,000 threshold.

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Lyft Turns To Meal, Grocery Deliveries

PYMNTS

The service will first be rolled out in Atlanta, Austin, Dallas, Houston, Indianapolis, Orlando, Phoenix, San Francisco, San Diego, San Antonio and Seattle, but could later expand to more locations as well, once the company finds more partners.

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Five At Five: Walmart’s New Plan To Win Over NYC

PYMNTS

There is also news about a major chain’s data breach, why U.S. Walmart Bringing Same-Day Delivery t o New York City. The chain’s Jet.com unit plans to open a fulfillment center in the Bronx in the fall, which will enable same-day and next-day delivery of groceries in New York City.

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Neiman Marcus Emerges From Chapter 11

PYMNTS

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

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College Students Seek Lower Fall Tuition As Schools Plan To Stick With Digital Classes

PYMNTS

Students at schools from coast to coast — from the University of Houston to Rutgers to The University of Chicago and more — are reportedly seeking tuition discounts , and some are even suing their schools for refunds to cover the spring semester. Pupils at New York City’s Pratt Institute have done the same.

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Facebook Rolls Out Curated News Feature

PYMNTS

With the soft launch of a new curation product called Facebook News, Facebook CEO Mark Zuckerberg and News Corp CEO Robert Thomson engaged in a discussion at the Paley Media Center in New York City. The news curation product is said to showcase daily news of a high quality, Venture Beat reported.