When selling home, beware the red flags
If anyone approaches you with an offer to buy your house that seems even the least bit out of the ordinary, there’s a fair possibility that the money for the deal is coming from illegal drugs, prostitution or some other aspect of organized crime.
There are no hard-and-fast statistics, but law enforcement authorities suspect that money laundering is becoming more common.
So much so that the Financial Crimes Enforcement Network, or FinCEN, is considering a rule that would require real estate brokers to file the same suspicious activity reports that lenders are compelled to file when they smell something fishy.
Full story is available on Chicago Tribune
