FinCEN Proposed Regulations/Requirements

FinCEN is issuing a series of rulemakings to implement the Corporate Transparency Act (CTA).

Proposed Beneficial Ownership Information Reporting Requirements

On Dec. 8, 2021, FinCEN issued a notice of proposed rulemaking requiring the reporting of beneficial ownership information.

News

Reference

Additional information and resources about this issue, including rules, forms, websites or other documents.

• FinCEN Press Release Citing BOI Comments – 2/8/22
• ALTA Comment Letter on Beneficial Owners Information Reporting Requirements – 2/7/22
• FinCEN Notice of Proposed Rulemaking Beneficial Ownership Information Reporting Requirements – 12/8/21
• FinCEN Fact Sheet: Beneficial Ownership Information Reporting Notice of Proposed Rulemaking (NPRM) – 12/7/21

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Proposed Anti-Money Laundering Regulations for Real Estate Transactions

On Dec. 8, 2021, FinCEN issued a notice of proposed rulemaking to solicit public comment on a potential rulemaking to address the vulnerability of the U.S. real estate market to money laundering and other illicit activity.

News

Reference

• ALTA Comment Letter on Proposed Money-Laundering Regulations – 2/17/22
• TLTA Comment Letter on Proposed Money-Laundering Regulations – 2/17/22
• FinCEN Launches Regulatory Process for New Real Estate Sector Reporting Requirements to Curb Illicit Finance – 12/6/21