One can only say, it is about time after asking the question why on earth did it take so long? Recently, the US Treasury Department said it would begin demanding to know the names of folks behind the shell companies, which ultra-wealthy foreigners use to hide behind multimillion-dollar real estate purchases, specifically in Manhattan and Miami-Dade County. It appears the reality of 21st century money laundering has finally caught up with the age-old business of real estate transactions.
