Relevant:
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- Appraisal Fraud Jumps 50% in 2009: MARI
- California, Nevada and Florida Remain Hotbeds for Mortgage Fraud
- Vegas shooter had 200+ reports of suspicious activities, large financial transactions in casinos
- Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists - ICIJ
2010-12-07 — nationalmortgageprofessional.com
"The Financial Crimes Enforcement Network (FinCEN) has proposed a requirement that non-bank residential mortgage lenders and originators, like other types of financial institutions, establish anti-money laundering (AML) programs and comply with suspicious activity report (SAR) regulations. Under current FinCEN regulations, the only mortgage originators that are required to file SARs are banks and insured depository institutions."
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