The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors' use of the U.S. market to launder money made through illicit activity. The Treasury Department is seeking public comment for a potential regulation that would address what it says is a vulnerability in the real estate market. Currently, title insurance companies in just 12 metropolitan areas are required to file reports identifying people who make all-cash purchases of residential real estate through shell companies if the transaction exceeds $300,000. Treasury’s Financial Crimes Enforcement Network says the move could strengthen U.S. national security and help protect the U.S. financial system.
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The lead investigator of an alleged attack on Jussie Smollett says two brothers arrested for the reported crime recounted for Chicago police how the ex-“Empire” actor orchestrated the elaborate hoax. Former Chicago police detective Michael Theis testified Tuesday at Smollett's trial that the actor sent the men a text message about meeting “on the low,” paid for supplies they used in the staged attack and held a “dry run” near his downtown Chicago home. Smollett is charged with filing a false police report. Defense attorney Nenye Uche said Monday that Smollett is a “real victim" of a January 2019 attack.
All three men charged in the death of Ahmaud Arbery were convicted of murder Wednesday.
Facebook whistleblower Frances Haugen says she fears the impact of the metaverse that the social media giant has rebranded to focus on delivering. In an interview with The Associated Press on Tuesday, she says the futuristic virtual reality world would force people to give up more of their personal information, be addicting and give the embattled company another monopoly in the online world. Haugen says her former employer has rushed to prioritize the metaverse because “if you don’t like the conversation, you try to change the conversation.” Haugen accuses Facebook of prioritizing profits over online safety. CEO Mark Zuckerberg has dismissed Haugen’s claims as a “coordinated effort” to paint a false picture of the company.
MOSCOW (AP) — Russian authorities have designated a popular independent media outlet and two rights groups “foreign agents.” Wednesday’s move comes as part of a months-long crackdown on opposition supporters, independent media and human rights activists. The Justice Ministry slapped the “foreign agent” label on Mediazona. The news site is known for its extensive coverage
SEOUL, South Korea (AP) — North Korea says it has successfully tested a new hypersonic missile as it continues to expand its military capabilities. The missile test early Tuesday was North Korea’s third round of launches this month and took place as it tries to pressure Washington and Seoul over long-stalled negotiations over its nuclear
The pandemic and vaccination rates were the talk of the NBA on media day Monday. Media day is the annual precursor to the start of training camp. Practices can begin on Tuesday. There were some fun hijinks from the day like David Letterman questioning Kevin Durant about his nickname. But much of the day was
ZAGREB, Croatia (AP) — Authorities in Croatia’s capital say a 56-year-old man is suspected of killing three young children. Local media identified the man as the children’s father. The state prosecutor in Zagreb said the suspect, an Austrian citizen, was suspected of “grave murder… at the harm of three underage children.” Police said earlier that
FORT MEADE, Md. (AP) — Officials say media calls to Fort Meade on Thursday were mistaken for callers portraying members of the media during an exercise, setting off false reports of a mass shooting at the base in Maryland. Public Affairs Officer Chad Jones says the installation was conducting an exercise on Thursday, when outlets
BANGKOK (AP) — A U.S.-based cybersecurity company says it has uncovered evidence that an Indian media conglomerate, a police department and the agency responsible for the country’s national identification database have been hacked, likely by a state-sponsored Chinese group. The Insikt Group, the threat research division of Massachusetts-based Recorded Future, says the hackers made use