FinCEN updates real estate purchase reporting requirements to include cryptocurrencies

The US Financial Crimes Enforcement Network (FinCEN) announced that is has revised its issuance of Geographic Targeting Orders (GTOs) to include cryptocurrencies. GTOs require U.S. title insurance companies, in certain geographies, to collect and report information on buyers involved in certain real estate transactions. As of November 15, title insurance companies will need to identify the […]