United States: FinCEN Proposes New Residential Real Estate Reporting Requirements - Mayer Brown
Friday, 1 March 2024 On February 7, 2024, the US Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") issued a Notice of Proposed Rulemaking on certain US residential real estate transactions ("2024 NPRM").
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FinCEN has issued proposed rulemaking that would impose a nationwide reporting framework for professionals involved in real estate closings and settlements... Mondaq