Compliance

FinCEN Expands Geographic Targeting Orders to Include Honolulu

The Financial Crimes Enforcement Network today further expanded the scope of its geographic targeting orders temporarily requiring certain U.S. title insurance companies in specified areas to identify the individuals behind companies used to conduct high-end, all-cash real estate transactions.

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Justice Department Formally Ends ‘Operation Choke Point’

In a letter to House Judiciary Committee Chairman Bob Goodlatte (R-Va.) yesterday, a Department of Justice official formally confirmed that the agency has ended the controversial Operation Choke Point initiative, which under the Obama administration sought to curtail legal but politically disfavored businesses by working through bank regulators to pressure financial institutions to end customer relationships with those businesses.

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