Texas-Style Money Laundering
FinCEN’s proposed real estate rule could help investigators flag dubious deals—but there’s a big loophole.
Follow the Money
Follow the Money: Part III
Texas money laundering investigations provided federal regulators with a roadmap for overseeing the real estate industry. They didn’t follow it.
Follow the Money: Part II
Texas court cases show U.S. financial institutions accepted millions stolen from Mexico. Few faced repercussions.
Follow the Money
Over the span of four years, federal investigators estimated millions of dollars stolen from Mexican taxpayers passed through one South Texas bank. When they followed the trail, it led to real estate, cars, and airplanes. But in 2018, those investigations suddenly stopped.