FinCen Takes Aim at Real Estate Secrecy in Manhattan & Miami

FinCen Takes Aim at Real Estate Secrecy in Manhattan and Miami

Overview


Keith Pattiz and Gregg Fierman wrote this bylined article about new Treasury Department rules for reporting on all-cash, high-end real estate transactions in Manhattan, New York, and Miami-Dade County, Florida. Because the rules are intended to uncover money laundering or other fraudulent schemes, the authors wrote that for “law-abiding real estate purchasers, there should not be cause for concern regarding the new reporting requirement.”