Monthly Archives: November 2024

FinCEN Requires AML Reports for Real Estate Transactions to Entities and Trusts

Posted by admin & filed under Anti-Money Laundering, Data Privacy.

On August 29, 2024, the Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Treasury issued a final rule requiring anti-money laundering (“AML”) reports for certain non-exempt real estate transfers to entities and trusts (“Transferees”) as of December 1, 2025. The reports will be required for Transferees of buildings of, or land where the Transferee intend… Read more »