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  • Lawmaker calls out FinCEN for targeting law-abiding Americans

    "It has become disturbingly clear from the work of both this Committee as well as the Weaponization Subcommittee that FinCEN has trained its broad, powerful, and often opaque authorities not just on foreign assets but also on law-abiding Americans merely on the suspicion that they may disagree with the Administration now in power."
  • Government agency looks to deter money laundering in real estate
    A federal agency wants to combat money laundering in the U.S. residential real estate market with a new transparency rule. The proposed rule would require professionals involved in real estate closings and settlements to report information to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). They'd have to report information about non-financed transfers of residential real estate to legal entities or trusts.
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