Real Estate & Home

Nothing to see in Texas: How a Texas court put AML efforts further behind

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A Texas federal court struck down FinCEN’s 2024 real estate reporting rule, hindering efforts to combat money laundering through increased transparency in property transactions. This decision stalls progress on exposing shell companies and beneficial owners involved in suspicious all-cash deals, aligning with deep-rooted privacy concerns and opposition from vested interests in the U.S., despite global advancements in anti-money laundering regulations.

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