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New Money Laundering Rules for Real Estate Agents & Investment Advisors
Manage episode 438548197 series 2915908
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The Treasury Department finalized two new rules to stop the use of residential real estate and private investment deals for money laundering. One rule will impact real estate agents. The other will impact investment advisors. This is a huge step for the Treasury to close loopholes that have turned the U.S. into an international money laundering machine.
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References: https://www.wsj.com/articles/treasury-loosens-final-anti-money-laundering-rules-for-investment-advisers-real-estate-agents-f9aa6618 https://heathercoxrichardson.substack.com/p/august-29-2024 https://www.wealthmanagement.com/regulation-compliance/treasury-department-finalizes-anti-money-laundering-rule-rias https://www.costar.com/article/2055232499/real-estate-pros-must-report-residential-cash-sales-under-new-anti-money-laundering-rules https://www.realtor.com/news/real-estate-news/anti-money-laundering-rules-cash-real-estate/582 episoade
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