Southern California is an attractive home to movie stars, financial executives, and foreign millionaires and billionaires looking to live a glamorous lifestyle, and the hills above Los Angeles and the beautiful coastline.

The area is also attractive to criminals with millions of dollars in illegal funds from drug dealing, money laundering, and other illicit activity. While Los Angeles County is happy to be home to movie stars and business executives, new U.S. Treasury Department rules will make it much more difficult for criminals to buy luxury homes in the area. Continue reading →