U.S. Treasury Cracks Down on Cash Buyers of Luxury Real Estate
Goldstein & Levy, P.A., General Counsel Legal Bulletin MARCH 15, 2016 | U.S. TREASURY CRACKS DOWN ON CASH BUYERS OF LUXURY REAL ESTATE In an effort to detect money laundering and illegal activity associated with it, the U.S. Treasury Department has imposed new rules requiring title companies to identify and disclose the beneficial owners (shareholders,…