FinCEN: Residential real estate reporting begins
March 02, 2026 / By ICBA
The Financial Crimes Enforcement Network published a reminder that, as of March 1, select professionals involved in real estate closings and settlements are required to report information to FinCEN on certain non-financed transfers of residential real estate to legal entities or trusts.
Details: FinCEN said:
The requirement does not apply to transfers of property to individuals.
Transfers covered by this reporting requirement make up a small fraction of the market, but they have a high risk for involvement in money laundering and other crimes.
In light of the reporting requirement, the residential real estate geographic targeting orders issued in October 2025 expired on Feb. 28.
Its website has resources to help real estate professionals comply with this requirement
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