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February 27, 2024
Texas-Style Money Laundering

Money laundering continues to spread in the Lone Star State. FinCEN’s proposed real estate rule could help investigators flag dubious deals—but there’s a big loophole. “It’s an error to exclude commercial property,” Montes de Oca said. “We know these people often buy strip malls and warehouses and office parks, and all that is outside the rule.”

Read more in the Texas Observer