Tag Archives: Financial Crimes Enforcement Network

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 →

ATTOM data tool sniffs out true ownership of properties in LLCs

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The “Transparent Owner” tool is becoming available as the Financial Crimes Enforcement Network, or FinCEN, prepares to crack down on money laundering in residential real estate. Continue reading →