FinCEN’s AML rule reshaping title processes — and buyer behavior
A sweeping new anti-money laundering rule from the Financial Crimes Enforcement Network (FinCEN), took effect this week, introducing new reporting obligations for certain residential real estate transactions. The regulation, effective March 1, expands federal oversight into parts of the real estate market that historically operated with limited anti-money-laundering reporting requirements — particularly cash purchases and […]
FinCEN’s AML rule reshaping title processes — and buyer behavior Read More »