Residential Real Estate U.S. AML Reporting Requirements

Reported by Deborah Connor, Mark Edelstein, Thomas Fileti, Marc-Alain Galeazzi, Kaleb Keller, Malka Levitin, and Laura Linda Miller of Morrison & Foerster LLP On February 16, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking, which would require certain real estate professionals to report certain transaction information to FinCEN in connection […]