FinCEN renews its GTO requiring US title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate

The terms of the GTOs are effective beginning April 19, 2024, and ending on October 15, 2024. FinCEN renewed the GTOs that cover certain counties and major U.S. metropolitan areas in California, Colorado, Connecticut, Florida, Hawaii, Illinois, Maryland, Massachusetts, Nevada, New York, Texas, Washington, Virgina, and the District of Columbia.