Tag Archives: Financial Accountability and Corporate Transparency Coalition

Judge blocks new real estate anti-money laundering rule

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A Texas district judge has ruled in favor of a title company owner who said the new rule violated her Fourth Amendment rights. Continue reading →

New anti-money laundering rule for cash purchases is now in effect

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Under the new rule, when a legal entity or trust purchases a piece of residential real estate without the use of financing, closing or settlement agents must report details of the transaction. Continue reading →

Treasury releases proposed rule for reporting all-cash luxe sales

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Real estate professionals who handle closings and settlements will be required to report information to the Treasury’s Financial Crimes Enforcement Network when an all-cash residential sale is made to shell companies, legal entities and trusts. Continue reading →