How This Impacts Mobility
The transfer of an employee may involve the sale of a home. It is important that Worldwide ERC® members involved with a real estate transaction are aware of the risk of the possible involvement of individuals laundering money and to report suspicious activity. There are additional reporting requirements for certain home sales if they are located in one of the GTO areas, which could come into play if a purchaser is using a form of payment other than a mortgage in such areas. Should any member have questions regarding the GAO’s report and its effect on real estate, please reach out to Vice President, Member Engagement and Public Policy Rebecca Peters, firstname.lastname@example.org.