News & Analysis as of September 21, 2024

FinCEN › Commercial Real Estate Market

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The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury charged with detecting and combatting illegal activity within the financial system. FinCEN detects evidence of money laundering, terrorist financing and other financial crimes by collecting, monitoring, and analyzing financial transaction data. Such data is disseminated to both domestic and international law enforcement agencies. less -

The Corporate Transparency Act: Considerations for Special Purpose Entities in Commercial Real Estate Transactions

Seyfarth Shaw LLP on 5/9/2024

Corporate structures in commercial real estate transactions can often be very complex and involve layers of entities. Special purpose entities that are bankruptcy remote (“SPEs”) are frequently used in commercial real estate...more

FinCEN Warns of Potential Sanction Evasion by Russian Entities Involved in U.S. Commercial Property Investments

Faegre Drinker Biddle & Reath LLP on 2/1/2023

On January 25, 2023, the Financial Crimes Enforcement Network (FinCEN) published an alert to financial institutions warning of the heightened risk of investment in commercial real estate by sanctioned Russian elites,...more

FinCEN Alert Highlights Potential U.S. Commercial Real Estate Investments by Sanctioned Russian Elites and Their Proxies

McGuireWoods LLP on 1/31/2023

The Financial Crimes Enforcement Network (FinCEN) has recently issued an alert cautioning all financial institutions regarding potential investments in the U.S. commercial real estate (CRE) sector, by or on behalf of...more

FinCEN alert covers potential CRE investments by sanctioned Russians

Orrick, Herrington & Sutcliffe LLP on 1/27/2023

On January 25, the Financial Crimes Enforcement Network (FinCEN) issued an alert to financial institutions on potential investments in the U.S. commercial real estate sector by sanctioned Russian elites, oligarchs, their...more

FinCEN’s Focus on Money Laundering in Real Estate

Whitman Legal Solutions, LLC on 4/7/2022

As I discussed in Identifying Suspicious Activity in Real Estate Transactions, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) has long had its eye on the real estate industry. As with Hatto’s...more

Identifying Suspicious Activity in Real Estate Transactions

Whitman Legal Solutions, LLC on 3/14/2022

Unfortunately, real estate is too frequently a vehicle for money laundering. This article discusses red flags that real estate investors and real estate professionals and market participants should look for so they can avoid...more

Financial Services Weekly Roundup - September 2018 #3

Goodwin on 9/27/2018

Editor's Note - In This Issue. The Board of Governors of the Federal Reserve System (Federal Reserve), the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (together, the Federal...more

Financial Regulatory Developments Focus - April 2018 #2

A&O Shearman on 4/12/2018

In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more

Financial Services Weekly News - April 2018

Goodwin on 4/5/2018

Editor's Note - Treasury Issues Recommendations to Modernize the Community Reinvestment Act. On April 3, the U.S. Department of the Treasury released a report containing its recommendations for modernizing the Community...more

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FinCEN › Commercial Real Estate Market

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