Try our Advanced Search for more refined results

Expert Analysis

Loopholes In FinCEN's Luxury Real Estate Rules

Law360, New York ( March 28, 2016, 10:19 AM EDT) -- Recently enacted rules targeting the flow of dirty money into luxury real estate include loopholes that may be easily exploited by potential violators. The U.S. Treasury's Department's Financial Crimes Enforcement Network issued the regulations in an effort to block criminal proceeds from entering the U.S. economy through real estate purchases. The rules require title insurance companies to identify the beneficial owners of buyers engaging in all-cash transactions. The regulations, which went into effect on March 1, apply to real estate transactions exceeding $3 million in New York City and $1 million in Miami....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!