Dirty Money in Real Estate: How to Protect Your Transactions (Beware)

Real estate is a prime target for money laundering. From cash purchases to shell companies, criminals use sophisticated schemes to clean their illicit funds. This video explores the AML risks in real estate and provides practical steps to protect your transactions. Learn about common red flags, due diligence procedures, and the importance of reporting suspicious activity. Whether you're a buyer, seller, or real estate professional, this video equips you with the knowledge to stay compliant and safeguard your interests. A new FinCEN rule is in place for residential Real Estate: Follow the links below:

Link to the FinCEN Issues Final Rules to Safeguard Residential Real Estate, Investment Adviser Sectors from Illicit Finance (https://www.fincen.gov/news/news-releases/fincen-issues-final-rules-safeguard-residential-real-estate-investment-adviser)

Link to the Federal Register for the Anti-Money Laundering Regulations for Residential Real Estate Transfers (https://www.federalregister.gov/documents/2024/08/29/2024-19198/anti-money-laundering-regulations-for-residential-real-estate-transfers)

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