Feds Crack Down on Money Laundering Through Real Estate

Feds Crack Down on Money Laundering Through Real Estate

Feds Crack Down on Money Laundering Through Real Estate

The U.S. Treasury Department has issued a new rule that aims to prevent nefarious actors from using residential real estate deals for money laundering. The final rule issued on Wednesday will require real estate professionals to report the true identity of all-cash homebuyers who use shell companies or other legal entities to purchase residential property
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