In a 52-page advanced notice of proposed rulemaking, or ANPRM, on Monday, the U.S. financial intelligence unit called on financial institutions and other parties to weigh in on how best to regulate the real estate sector for anti-money laundering purposes on a permanent basis.
The Financial Crimes Enforcement Network issued a notice of proposed rulemaking to subject certain persons involved in real estate transactions to certain anti-money laundering monitoring and reporting requirements.
February 7, 2024