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Buyers Property Ownership Proposed Rules

Sheppard Mullin Richter & Hampton LLP

FinCEN Proposes New Rule to Deter Money Laundering in the Residential Real Estate Sector

On February 7, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a Notice of Proposed Rulemaking (the “Proposed Rule”) designed to combat and deter money laundering in the U.S....more

Bilzin Sumberg

Florida Law Restricting Foreign Ownership of Real Property Gets Initial Set of Proposed Rules

Bilzin Sumberg on

On September 20, 2023, the Florida Department of Commerce (“DOC”) (formerly known as the Florida Department of Economic Opportunity) released its initial set of proposed Rules for implementing SB 264 (Chapter No. 2023-33,...more

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