Florida Republican Sen. Marco Rubio is seeking more transparency of shell companies’ purchases of U.S. real estate in an attempt to thwart money laundering. Rubio is proposing an amendment in an unrelated spending bill that would require shell companies across the country to disclose their owners for real estate purchases of more than $300,000 or more in cash, according to the Miami Herald. Currently, the law only targets certain areas of the country, but Rubio’s […]
source https://therealdeal.com/miami/2018/07/31/sen-rubio-wants-to-thwart-real-estate-targeted-money-laundering/#new_tab
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