Why Join Us for this Seminar?

Efforts to combat money laundering have been ramped up over the past several years. The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has several new policies that may directly or indirectly impact real estate practices and the penalties for noncompliance can be severe and even criminal. We want our members to be informed about these new requirements.
Starting December 1, 2025, certain professionals involved in residential real estate settlements will be required to submit reports to FinCEN for transactions deemed to be a high risk for illicit finance – this generally means transactions which do not involve a mortgage from a traditional bank.

There are several areas where this is likely to come into play in the context of the real estate industry, including title companies and brokers. This seminar will cover:

• What is a reportable transfer which will require a Real Estate Report, and are there any exceptions to the rule?
• Who is required to file a Real Estate Report with FinCEN and when?
• Can real estate professionals designate the reporting person by agreement and how?
• What information must be collected for a Real Estate Report, and what record retention requirements are there?
• Do I need an anti-money laundering program?
• Learn how you are impacted by these new requirements to ensure compliance.