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FinCEN rolls out residential real estate transparency rules to combat money laundering

Image of a row of homes.
Photo: Glenn Hunt/Getty Images

Julie DiMauro

1 min read
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FinCEN aims to deter money laundering in the US residential real estate sector.

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) wants to make residential real estate transactions more transparent and combat money laundering by unmasking the owners of certain all-cash purchases.

FinCEN’s proposed regulation would require real estate professionals to report information to the agency about the non-financed sales of residential real

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