It Pays To Have Experience On Your Side.
free consultation917-639-5370

Treasury Department crackdown on money laundering in NY: FAQs

The Treasury Department is cracking down on money laundering. The agency is investigating New York luxury real estate purchases made in cash through shell companies. The effort is not a new one. However, according to a recent report by The New York Times, the examination was recently expanded.

What exactly is happening? These examinations are called geographic targeting orders. They are completed by title insurance companies. The process was initiated after a separate publication by The New York Times found that many of the high-end real estate buyers in the luxury market were the focus of government investigations for criminal activity around the world.

Why should New Yorkers take note? The report notes that the examination is focusing on a handful of select areas throughout the country. The five boroughs in New York top this list.

The agencies are looking specifically at properties that were purchased at or above the $3 million mark in Manhattan or properties that were at or above $1.5 million in the other boroughs.

What should I do if I am flagged for money laundering? If you or your business is under investigation on charges of money laundering it is important to take the charges seriously.

These charges are often pursued in combination with other criminal charges. In these situations, it is wise to seek legal counsel to better ensure your rights are protected.

No Comments

Leave a comment
Comment Information

Honors and Memberships

Super lawyer American college trial lawyers The national trail lawyers AV Preeminent
Contact us

contact our law firm

If you are facing a criminal charge or securities dispute, it pays to have experienced lawyer on your side. Contact us today online or by telephone at 917-639-5370 to speak with an experienced New York City defense lawyer.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

New York
Bachner & Associates, P.C.

New Jersey
Bachner & Associates, P.C.

New York Office
39 Broadway, Suite 1610
New York, NY 10006

Phone: 917-639-5370
Phone: 212-344-7778
Fax: 212-344-7774
New York White Collar Crimes Office

West Caldwell Office
New Jersey Office
175 Fairfield Avenue, Suite 3D
West Caldwell, NJ 07006

Toll Free: 877-388-6461
Phone: 212-344-7778
Fax: 212-344-7774
Map & Directions