Berg Quoted on Money Laundering Enforcement

20 January 2016 Compliance Week News
Special Counsel Eric Berg was quoted in a Compliance Week article, “Why is Treasury Cracking Down on Big, Cash-Only Real Estate Transactions?” on January 20, 2016. The article discussed efforts by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to minimize money laundering in the real estate sector by issuing new Geographic Targeting Orders (GTOs) in Manhattan and Miami-Dade County, Florida. Berg said the limited scope of the GTO suggests that FinCEN wants to evaluate its effect before deciding to broaden its attack. He was quoted saying, “They will certainly look at the effect it has because it is only a temporary measure. Future moves will be based upon it.”

Related Services


Voting in the Age of COVID-19
26 October 2020
Coronavirus Resource Center:Back to Business
401(k) Fee Lawsuits: What Can a Plan Sponsor Do?
26 October 2020
Labor & Employment Law Perspectives
Department of Defense Formally Implements Cybersecurity Maturity Model Certification Requirements for Department of Defense Contractors
26 October 2020
Legal News: Government Procurement
FinCEN Takes Action Against Bitcoin Mixer for Violating the Bank Secrecy Act
26 October 2020
Legal News: Government Enforcement Defense & Investigations