Bernard Chouinard
Contract Assignment = Money Laundering
I just got off the phone with a RE Lawyer who works with investors (so they say) and they are telling me they refuse to do contract assignments due money laundering issues. They are telling me they only do double clo...
Ken Rishel
Anti Money Laundering – a Technical Explanation
From another client report (this one from 2012) - sans footnotes and references.All Americans are experiencing the expansionist wave of government control over all of our activities, and businesses are being increasin...
Darius Jamar Smith
International Investing while avoiding money laundering claims
I have an investor overseas, Uganda, Africa, who is having issues getting money to America to invest. After speaking to him, I was informed that one of the family business accounts was closed due to suspicious activit...
Edwin Vela
UNITED STATES TREASURY BEGINS CRACK DOWN ON MONEY LAUNDERING
UNITED STATES TREASURY BEGINS CRACK DOWN ON MONEY LAUNDERING THROUGH HIGH END RESIDENTIAL REAL ESTATE In an effort to combat money laundering in the real estate sector, The Financial Crimes Enforcement Network (FinCen...
Cheri Lange
Policy to Monitor and Eradicate Money Laundering in US?
Can anyone tell me if this is accurate and or common?"When your loan has been approved and your information is taken to the bank for the transfer, you will be responsible for paying the Attorney Bank Documentation ...
Joe S.
BOI injunction reinstated again today??
Someone just emailed us and said the BOI injunction was reinstated again today by the 5th circuit. I did not want to simply rely on one source so I figured there are people here that would be up-to-date if such a mann...
Dan H.
Proposed regulation on real-estate purchases made in all cash
Proposal to regulate all cash offers to reduce use of RE to launder money. Not sure what effect this will have on investors who make all cash offers or sellers whose RE for some reason does not qualify for traditiona...
Account Closed
How does money laundering work in a real estate investment firm?
I AM NOT ASKING FOR ADVICE ON HOW TO DO ANYTHING ILLEGAL! Lol.I used to know someone whose dad owned a real estate investment firm that had 5.5 billion of assets.They told me that there is a lot of money laundering th...
Account Closed
Do you know your lender?
In all fairness, I know this won't be a popular topic, and I'm going to post up and wait for replies rather than facilitate the discussion....so here goes....I've seen a lot of advertisements, I've received a few offe...
David Dachtera
Corporate Transparency Act
Just heard about this tonight ... Google: "corporate transparency act summary"It's set to take effect Jan 1, 2024, apparently. Here's a little of what may come up:"The Corporate Transparency Act (CTA), enacted in 2021...