Julian Wise

Nov 8, 2024 | mondaq.com | Betty Santangelo |Melissa Goldstein |Julian Wise |Kyle Hendrix

On Aug. 29, 2024, the Financial Crimes Enforcement Network ("FinCEN"), a bureau of the United States Department of the Treasury, issued a final rule ("Final Rule")1 extending anti-money laundering ("AML") requirements to persons involved in real estate closings and settlements.

May 10, 2024 | mondaq.com | Betty Santangelo |Melissa Goldstein |Julian Wise |Kyle Hendrix

On Feb. 16, 2024, the Financial Crimes Enforcement Network ("FinCEN"), a bureau of the United States Department of the Treasury ("Treasury"), issued a notice of proposed rulemaking ("Proposed Rule")1 continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market.