Proposed Regulations: FinCEN Increases AML Scrutiny of the US Real Estate Sector

Real estate continues to be a profitable channel for money laundering, with cash transactions remaining elusive for financial crime investigators to identify. In this recent webcast, Guidehouse, in partnership with Pillsbury Winthrop Shaw Pittman LLP reviewed the proposed FinCEN regulations that would expand the Bank Secrecy Act and the potential impact on real estate entities and financial institutions. Find out what these requirements mean for trusts and nominees and what you should be doing now to prepare for what’s to come.