FinCEN requires the report to be filed by the last date of the month following the month when closing occurred; or 30 days after…

Generally no. If a traditional bank or regulated lender is providing financing, that lender already has anti-money-laundering reporting obligations, and the transaction typically does…

No. FinCEN states that the Real Estate Reports filed under this rule are not accessible to the general public and are exempt from disclosure…

The settlement agent, title company, or closing professional will have to collect and report: Legal entity information Beneficial owner information Identification details Transaction details…

Based on current rule structure, reporting is required when: The property is residential (1–4 units, condos, co-ops, certain land) The buyer is a legal…

For years, FinCEN used temporary “Geographic Targeting Orders” in major metro areas to track cash purchases made through: LLCs Trusts Shell entities The concern…

The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of Treasury that collects and analyzes information to combat financial crimes…