Alert! FinCEN GTO Extended

View the New Geographic Targeting Order (GTO)

Criteria for reporting under the new GTO:

• The transaction involves a purchase of one or more residential real properties (not vacant land) in Miami-Dade, Broward, Palm Beach, Hillsborough, Pasco, Pinellas, Manatee, Sarasota, Charlotte, Lee and Collier counties; and
   
• The total purchase price is $300,000.00 or more; and
   
• The purchaser is a corporation, limited liability company (LLC), partnership, or other similar legal entity. (The definition does not include trusts or natural persons nor U.S. publicly-traded companies); and
   
• The purchaser purchases the residential real property without a bank loan or other similar form of institutional financing; and
   
• The purchaser pays any part of the purchase price using currency, cashier’s checks, certified checks, traveler’s checks, money orders, business or personal checks or wire fund transfers or payments (no requirement to report check numbers or wire routing numbers).
   
• The reference term to be included in Part IV of the Currency Transaction Report has been changed to ‘REGTO0424’.

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