12 Jan PURCHASE OF HOME BY A TRUST MAY REQUIRE REPORTING TO FinCEN FOR CLOSING AFTER MARCH 1, 2026
The Financial Crimes Enforcement Network (FinCEN) has a new reporting requirement for closing of some residential property on or after March 1, 2026 in an effort to prevent money laundering. Residential property –(i.e. homes, townhomes, condominiums, vacant land intended for residential use, co-ops, etc.) that is...