#fincen-rule

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#all-cash-home-purchases #title-firms-reporting #major-questions-doctrine #anti-money-laundering
US politics
fromwww.housingwire.com
3 days ago

FNF disputes magistrate judge's support for FinCEN's AML rule

FNF sued FinCEN and the Treasury asserting a reporting rule for all-cash home purchases is arbitrary, exceeds authority, treats lawful sales as suspicious, and imposes massive costs.
fromwww.housingwire.com
3 months ago

FinCEN defends anti-money laundering rule ahead of Dec. 1 deadline

The suit challenges FinCEN's anti-money laundering rule, which requires title firms to report specific details on all-cash home purchase transactions. These include the names, addresses, dates of birth, citizenship status and ID numbers of all people involved including minors plus payment details and information about trusts and entities that are purchasing the property. The rule was promulgated under the Biden administration and is set to go into effect in December 2025.
Law
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