In response to illicit finance risks identified in the U.S. residential real estate sector, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced the issuance ...

Until recently, many attorneys had never heard of FinCEN—the Financial Crimes Enforcement Network of the U.S. Treasury. FinCEN was formed soon after the 1970 Bank Secrecy Act, one of Congress’ first ...

FinCEN’s residential real estate rule will become effective on March 1, 2026, and requires certain professionals involved in real estate closing and settlements to submit reports to FinCEN regarding ...

A real estate closing is the final step where the culmination of the purchase agreement and all legal obligations occur. But when you show up at the closing (which is often at a title company, and ...