FinCEN Expands Geographic Targeting Orders

August Geographic Targeting Orders Cover Funds Transfers and Hawaii Luxury Residential Real Estate   On August 22, 2017, the Financial Crimes Enforcement Network (FinCEN) issued revised Geographic Targeting Orders (GTOs) designed to combat money laundering and related financial crimes in select U.S. residential real estate markets. The GTOs further expand the scope of GTOs issued in January 2016, expanded in July 2016, and renewed in February 2017. In tandem with the August GTOs, FinCEN issued an Advisory to Financial Institutions and Real Estate Firms and Professionals (the “Advisory”) and FAQs. This Business Update outlines the key provisions of the August GTO. For information about this Business Update or MassPoint’s related… Read More

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FinCEN Expands Geographic Targeting Orders to Include Funds Transfers and Hawaii Real Estate

Business Update | August 30, 2017 | Author: Hdeel Abdelhady | Download PDF On August 22, 2017, the Financial Crimes Enforcement Network (FinCEN) issued revised Geographic Targeting Orders (GTOs) designed to combat money laundering and related financial crimes in select U.S. residential real estate markets. The GTOs further expand the scope of GTOs issued in January 2016, expanded in July 2016, and renewed in February 2017. In tandem with the August GTOs, FinCEN issued an Advisory to Financial Institutions and Real Estate Firms and Professionals (the “Advisory”) and FAQs. This Business Update provides background and outlines the key provisions of the August GTO. For information about this Business Update or MassPoint’s related services,… Read More

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MassPoint works collaboratively with clients to help them anticipate and manage legal, commercial, and reputation risk; solve legal problems; and advance strategic objectives. The Firm's services are described below. For additional information, please contact Hdeel Abdelhady at habdelhady@masspointpllc.com. MATTER MANAGEMENT AND FEE STRUCTURES  A successful engagement is measured not only by results, but also by process. MassPoint works with clients at the outset of engagements to properly connect its work to clients' business and objectives, manage matters efficiently, and identify one or more fee structures that are suitable for both the client and the Firm. Regulatory Counseling and Compliance Anti-Money Laundering (AML) Counter-Terrorism Financing (CFT) Due Diligence (Politically Exposed Persons… Read More