New Money Laundering Rules for Real Estate Agents & Investment Advisors

Real Estate News: Real Estate Investing Podcast

The Treasury Department finalized two new rules to stop the use of residential real estate and private investment deals for money laundering. One rule will impact real estate agents. The other will impact investment advisors. This is a huge step for the Treasury to close loopholes that have turned the U.S. into an international money laundering machine.

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The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.NewsForInvestors.com

References: https://www.wsj.com/articles/treasury-loosens-final-anti-money-laundering-rules-for-investment-advisers-real-estate-agents-f9aa6618 https://heathercoxrichardson.substack.com/p/august-29-2024 https://www.wealthmanagement.com/regulation-compliance/treasury-department-finalizes-anti-money-laundering-rule-rias https://www.costar.com/article/2055232499/real-estate-pros-must-report-residential-cash-sales-under-new-anti-money-laundering-rules https://www.realtor.com/news/real-estate-news/anti-money-laundering-rules-cash-real-estate/