FinCEN Shines Light On Dark Money Real Estate - McDermott Will & Emery

FinCEN Shines Light On Dark Money Real Estate

Overview


Keith Pattiz cautioned that new reporting rules for all-cash, high-end real estate purchases in New York and Miami could make it harder to maintain investor confidentiality. “The simple fact that someone is reporting your transaction to the federal government, the Financial Crimes Enforcement Network, I think is going to give some people some pause,” he said.