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Weekly Roundup: FinCEN Renews Real Estate GTO, Justice Department Announces Record Cryptocurrency Seizure, and More

The U.S. Treasury Department's Financial Crimes Enforcement Network renewed for an additional six months a requirement for title insurance firms in 12 metropolitan areas to identify the ultimate owners of legal entities involved in real estate transactions of $300,000 or more. More Federal prosecutors in San Francisco said they have seized nearly 70,000 bitcoins worth approximately $1 billion from a hacker who allegedly stole them nearly a decade ago from Ross Ulbricht, a convicted money launderer and founder of now-shuttered dark web marketplace Silk Road, The Wall Street Journal and Reuters reported. More and More The U.S. Justice Department separately...

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