Tag Archives: fincen

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 →

Tighter federal regulations coming to luxury real estate market soon

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The U.S. Treasury Department is poised to enact expanded reporting measures on luxury home sales, putting an end to anonymous purchases that have enabled oligarchs, terrorists and others. Continue reading →

Treasury expands cash buyer rules beyond luxury real estate

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The U.S. Treasury Department is expanding previous regulations to more U.S. counties and lowering the sales price threshold for reporting. Continue reading →