FinCEN and Real Estate: Additional Disclosure Requirements May Be On the Horizon for Real Estate Transactions
Madison Shaner
August 2, 2022
As part of the anti-money laundering regime under the Bank Secrecy Act of 1970 (the “BSA”), in late 2021, the Financial Crimes Enforcement Network (“FinCEN”) division of the Department of the Treasury issued an advanced notice of proposed rulemaking (“ANPRM”) seeking to address potential money laundering through real estate transactions.