Effective December 1, 2025, FinCEN is expanding anti-money laundering reporting beyond a few “high-risk” markets to all entities purchasing residential real estate without financing from a bank or certain institutional mortgage lenders.
Read MoreFinCEN’s proposed extension of the Corporate Transparency Act reporting deadline would provide needed additional time so new companies likely would not have to immediately update their initial filings. However, the extension would be temporary and would not address other challenges presented by the Act.
Read MoreFinCEN recently adopted a final rule implementing the Corporate Transparency Act. Although the rule doesn’t take effect until January 1, 2024, companies should start preparing now.
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