This course dives into FinCEN’s final rule on anti-money laundering, crucial for those in real estate. Uncover the key compliance requirements for non-financed residential property transfers involving legal entities and trusts. Discover who must report, what information is needed, and when reports are due. Enhance your ability to protect U.S. economic and national security by thwarting illicit financial activities within the real estate sector. Gain actionable insights to ensure your practices meet the latest regulatory standards.
In this course you will learn the following:
* Understand the scope and purpose of the new regulations.
* Identify the roles and responsibilities of reporting persons in real estate transactions.
* Comply with the reporting and recordkeeping requirements.
* Recognize the legal and financial repercussions of non-compliance.
