Thoughtful Insight and Updates on Legal Issues that Matter to You

Perspectives

IRS and FinCEN Offer Relief to Victims of Hurricane Irma

This month, Hurricane Irma ravaged parts of the United States Virgin Islands, Puerto Rico, and the State of Florida leaving in its wake a path of destruction that will take residents months if not years to recover from.

FinTech Seeing Usage Surge, but Some Banks Still Fighting it

When the capabilities of technology increased, the financial sector saw a way to benefit. Financial technology, commonly known as FinTech, complemented the industry by providing fast, efficient ways to handle banking with a touch of a button on a smartphone.

Feds Widen Hunt for Dirty Money in Miami Real Estate

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.

FinCEN Issues Revised Order Targeting Shell Companies Buying Real Estate

The Financial Crimes Enforcement Network has expanded its crackdown on real estate-related money laundering transactions involving wire transfers.

Marijuana Regulatory Compliance Update: Banking and Casino Industries Call For Additional Marijuana-Related Business Guidance From U.S. Treasury

On July 31, 2017, the American Bankers Association and the American Gaming Association called upon the U.S. Department of the Treasury to provide additional guidance to the banking and casino industries when dealing with marijuana-related businesses and individuals and entities associated with such businesses.

Australian Money-Laundering Alliance a Stretch for U.S.

An anti-money laundering partnership between Australia’s big four banks and the continent’s government designed to share more information in real time is getting good reviews but probably isn’t exportable to the U.S., several lawyers and consultants said.

Marijuana Stocks: How to Invest in Marijuana Today

States are legalizing, decriminalizing, or allowing for the medicinal use of marijuana. And for many opportunistic investors, one question arises over and over again: How do you invest in marijuana?

Program to Track Laundered Money in Luxury Real Estate Continues

What began as temporary oversight over two of the nation’s hottest luxury real estate markets — Miami and Manhattan — has been extended by the federal government for a second time.

Feds renew crackdown on dirty money in Miami real estate

After months of “will-they-or-won’t-they” speculation, the U.S. Treasury Department announced Thursday that it will extend its search for dirty money in six high-end real estate markets, including South Florida, for another six months.

U.S. Renews Real-Estate Data Targeting Order

The U.S. Treasury Department extended for another six months a data- collection program to aid a crackdown on money laundering in real estate.