This CLE program offers a focused examination of FinCEN’s newly adopted residential real estate reporting requirements and the practical consequences for attorneys who structure, advise on, or close real estate transactions. The rule marks a substantial broadening of federal anti–money laundering regulation into the residential real estate sector, introducing mandatory reporting for certain all-cash and non-financed transactions involving entities and trusts.

Attendees will explore the intent and reach of the rule, including which transactions fall within its scope and how responsibility for compliance is allocated among the parties involved. The program walks through the reporting process in detail, outlining filing timelines, required disclosures, available exemptions, and the circumstances under which attorneys may be designated as reporting persons or serve in an advisory capacity.

The course further examines enforcement considerations, record-retention obligations, potential civil and criminal penalties, and practical strategies for incorporating these new requirements into real estate practices and law firm compliance systems.