You may have recently received notice regarding an important update to the Financial Crimes Enforcement Network (“FinCEN”) Residential Real Estate Reporting Rule (the “RRE Rule”) following a federal court decision in Texas.
Real Estate Agent Guide to FinCEN Real Estate Reports (For closings after 3/1/26) What is the FinCEN Real Estate Report? The real estate report is a new federal anti-money laundering report filed with the U.S. Treasury (FinCEN) for certain residential real estate transfers starting in 2026. It is NOT a public record.
Beginning March 1, 2026, certain residential real estate transactions must be reported to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The new rule is intended to combat money laundering and other illicit activity. In covered transactions that do not involve a bank or other financial institution, attorneys and title companies are required to file the FinCEN Real Estate Report.
To help you stay informed and compliant, we are highlighting several important employment and labor law updates that took effect this year including: Minimum Wage and Salary Threshold Increases; Public Works Project Electronic Certified Payroll; “Trapped At Work Act” Requires Immediate Review of Employee Training and Education Agreements; and NYS Credit Check Limitations.
Today the EEOC announced the opening of the portal for the collection of 2024 EEO-1 Component data. The portal will remain open until June 24, 2025.
On February 27, 2025, FinCEN announced that it will not issue any fines or penalties or take any enforcement actions against companies for the failure to file or update beneficial ownership information (“BOI”) reports pursuant to the Corporate Transparency Act (the “CTA”) until the United States Department of the Treasury provides new guidance.