Real Estate & Home

FinCEN's anti-money laundering rule struck down - now what?

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A federal judge in Texas has vacated FinCEN’s nationwide anti-money laundering rule for real estate transactions, creating uncertainty and a legal vacuum for title and real estate professionals. While this ruling reduces current compliance burdens, it does not limit FinCEN's authority to impose stricter requirements in the future, potentially leading to more stringent regulations on real estate transactions.

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