FinCEN proposed new reporting regulations "to require certain persons involved in real estate closings and settlements to submit reports and keep records on identified non-financed transfers of residential real property to specified legal entities and trusts on a nationwide basis." The new rule is aimed at targeting transfers deemed to be high-risk for money laundering.
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FinCEN renewed its Geographic Targeting Orders requiring U.S. title insurance companies to collect and report beneficial ownership information for certain residential real estate purchases.
FinCEN warned financial institutions to be cautious of potential investments in the U.S. commercial real estate sector by sanctioned Russian elites and their proxies.
FinCEN renewed its Geographic Targeting Orders requiring U.S. title insurance companies to collect and report beneficial ownership information for certain residential real estate purchases.
FinCEN renewed and expanded their Geographic Targeting Orders requiring U.S. title insurance companies to collect and report beneficial ownership information for certain residential real estate purchases.