On March 1, the U.S. District Court of the Northern District of Alabama filed an opinion that rendered the Corporate Transparency Act (CTA) unconstitutional. Importantly, the court’s ruling only applies to the plaintiffs in...more
On February 7, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a new rule to increase reporting requirements for nonfinanced, entity-purchased residential real estate. FinCEN...more
2/14/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Beneficial Owner ,
Comment Period ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Geographic Targeting Order ,
Money Laundering ,
Proposed Rules ,
Real Estate Investments ,
Real Estate Transactions ,
Reporting Requirements ,
Residential Real Estate Market ,
Suspicious Activity Reports (SARs)