Feds widen hunt for dirty money in Miami real estate

feds widen hunt for dirty money in Miami real estate The U.S. Treasury Department will now track wire transfers in seven luxury real estate markets, including South Florida, as it seeks to uncover.

Wake up and smell the dirty money. That’s the message federal regulators are sending to the real estate industry in Miami and other high-priced housing markets. On Tuesday, the U.S. Treasury Department announced it would extend and expand a temporary initiative designed to uncover criminals laundering money through real estate.

The federal decree comes at a bad time for Miami real estate. overbuilding and a slump in wealthy foreign buyers are hurting sales. the average sales price for luxury condo units on Miami Beach fell 21 percent year over year in the second quarter of 2017, according to a report from brokerage Douglas Elliman, Two thirds of those sales were cash.

President Trump again wagged his finger at the Federal Reserve Sunday, the Fed is strangling growth with a tightening of the money supply.

US pending home sales fell 1.5% in April  · April pending home sales down 1.5% vs expected 0.9% gain 10:34 AM ET Thu, 30 May 2019 CNBC’s Diana Olick reports on weaker-than-expected pending home sales for the month of April.

She said Elkins demanded money from her and threatened to kill her if she didn. West didn’t see a shell casing ejected, and said she assumed the gun wasn’t real. Then he fired at her head and the.

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All I ask is that you tell me how you spent the money. (Why $1,001? Because Indian. Do you know your actual earning potential? Get started with the Earning .

FinCEN Expands Anti-Money Laundering Targeting Orders. The Financial Crimes Enforcement Network (FinCEN) is issuing this advisory to provide financial institutions and the real estate industry with information on money laundering risks associated with certain real estate transactions. As highlighted by recent Geographic Targeting Orders (GTOs).

Feds widen hunt for dirty money in Miami real estate Miami Herald Wake up and smell the dirty money. That’s the message federal regulators are sending to the real estate industry in Miami. and other high-priced housing markets. On Tuesday, the U.S. Treasury Department announced it would extend and expand a temporary.

Juan A. Fernandez Barquin, Attorney at Law. 187 likes. Juan A. Fernandez-Barquin is an attorney dedicated to providing quality legal services to clients.