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Sellers Reporting Requirements FinCEN

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

DarrowEverett LLP

Amid Corporate Transparency Act, You Gotta Represent In Transactions

DarrowEverett LLP on

By now, many of you may have heard of the Corporate Transparency Act (“CTA”) and how it may increase compliance costs for many of your businesses in 2024. In brief, beginning January 1, 2024, the CTA will require foreign...more

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