The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently made a significant announcement regarding the extension of anti-money laundering regulations to real estate agents and investment advisers. This move is a crucial step in combating financial crimes and ensuring transparency in the mortgage industry.
Key points from the announcement include:
– FinCEN has published two rules that broaden the scope of anti-money laundering regulations
– Real estate agents and investment advisers will now be required to adhere to these regulations
– The aim is to prevent illicit activities such as money laundering and terrorist financing in the real estate and investment sectors
– This development highlights the government’s commitment to maintaining integrity in financial transactions and safeguarding against criminal activities.
You can read this full article at: https://www.housingwire.com/articles/u-s-treasury-announces-final-anti-money-laundering-rules-for-real-estate-agents/(subscription required)
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