Finance & markets · 16/02/2024Updated: 10/17/2026 · 1 min read

FinCEN Proposes New Anti-Money Laundering Regulations for Residential Real Estate Transfers

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has issued a proposed rule requiring certain individuals involved in real estate closings to submit reports and maintain records on non-financed transfers of residential property to specified entities and trusts, aiming to curb illicit finance and money laundering in the U.S. real estate sector.