In an effort to combat money laundering in the real estate sector, the Financial Crimes Enforcement Network (FinCEN) at the Treasury Department will begin tracking all "secret buyers" of luxury properties. FinCEN will temporarily require title insurance companies to discover and report the identities of buyers making all-cash luxury real estate purchases through a shell company. The government will begin its new program in Manhattan as well as Miami-Dade County in Florida. In Manhattan, buyers that purchase property at a sale price of more than $3 million must be reported. Learn more here.