On August 28, 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued its “Anti-Money Laundering Regulations for Residential Real Estate Transfers” (the “Final Rule”), to become effective December 1, 2025. This Final...more
9/12/2024
/ Anti-Money Laundering ,
Business Entities ,
Cash Transactions ,
Compliance ,
Covered Real Estate Transactions ,
Final Rules ,
FinCEN ,
Real Estate Investments ,
Real Estate Transactions ,
Real Estate Transfers ,
Reporting Requirements ,
Trusts
On March 1, 2024, the U.S. District Court for the Northern District of Alabama held the Corporate Transparency Act (the “CTA”) to be unconstitutional. The plaintiffs, National Small Business United d/b/a the National Small...more