Treasury Rolls Out Residential Real Estate Rules To Combat Money Laundering – The Yeshiva World theyeshivaworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theyeshivaworld.com Daily Mail and Mail on Sunday newspapers.
The Biden administration wants to make residential real estate transactions more transparent — by unmasking the owners of all-cash purchases as part of its ongoing effort to combat money laundering and the movement of dirty money through the American financial system. Treasury’s Financial Crimes Enforcement Network proposed a regulation on Wednesday that would require some real estate professionals to report information to the agency about non-financed transfers of residential real estate to legal entities, trusts and shell companies.
After Janet Yellen dared to say the IRS needed to track $600 transactions on eBay and CashApps to get the rich, now it is going after those people who are
February 7, 2024- The U.S. Department of the Treasury published the 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing.