NEWS + EVENTS

News + Events

Proposed Money Laundering Rule for Real Estate Coming Soon

December 18, 2023 - The new rule set to be released in early 2024 by the Financial Crimes Enforcement Department will require real estate professionals to report anyone who pays all cash for real estate. Eric Young elaborates in a Globest article, “Proposed Money Laundering Rule for Real Estate Coming Soon,” how this new rule will also tighten the loophole between the current anti-money laundering risks and our national security.

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