Regulatory Alerts2024-11-12
Agency Information Collection Activities; Proposed Collection; Comment Request; Real Estate Reports
The Financial Crimes Enforcement Network invites public comments on the proposed information collection requirements associated with its Anti-Money Laundering Regulations for Residential Real Estate Transfers final rule. This notice seeks feedback on the burden estimates for the Real Estate Report, which mandates reporting persons to disclose details of certain non-financed residential real estate transfers to legal entities and trusts. Written comments must be received by January 13, 2025, to assist FinCEN in assessing the Paperwork Reduction Act compliance and operational impacts of the new reporting obligations.
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