Alerts2.23.24
Proposed Rule Requires Real Estate Professionals Closing All-Cash Residential Deals to Report to FinCEN
FinCEN recently proposed a new rule to require real estate professionals to file transactional reports
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently published a proposed rule requiring certain professionals involved in real estate closings and settlements to report information to FinCEN about non-financed transfers of residential real estate to legal entities or trusts.
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