Anti-Money Laundering Rules: Ethical Requirements for Attorneys as Reporting Persons

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This article explains the requirements of a new anti-money laundering rule that, when effective on March 1, 2026, will require suspicious activity reporting from advisors (including attorneys) who assist clients with certain residential real estate transfers. FinCEN has extended its earlier Geographic Targeting Order for real estate transactions which now expires on February 28, 2026.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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