Similar to the UK's recent focus on ownership transparency, geographic targeting orders (GTOs) require title insurance companies to collect and report information about the persons involved in certain real estate transactions. The purpose is clear... to provide transparency for real estate transactions that are high risk as money laundering or tax evasion vehicles.

Unfortunately, because GTOs are limited to few geographic areas, it is likely that the reduction in cash-for-property transactions in South Florida, as discussed in this article in the Miami Herald, demonstrates a move to other methods or regions operating under less regulatory scrutiny.

The question, and risk, for real estate and title companies is where.