Speaker
05.17
May 17, 2022: 12:30PM - 1:30PM EDT
Proposed Regulations: FinCEN increases AML Scrutiny of the U.S. Real Estate Sector
Real estate continues to be a profitable channel for money laundering, with cash transactions remaining elusive for financial crime investigators to identify.
Webinar
Event Contact
Michael Preston
Michael Preston
To help combat this, the Biden administration announced aggressive policy changes on foreign corruption that include new sanctions on Russian oligarchs. On December 6, 2021, FinCEN issued an Advanced Notice of Proposed Rule Making which may significantly expand the Bank Secrecy Act, adding new requirements and covering more parties involved in real estate transactions.
Join Guidehouse and Pillsbury Winthrop Shaw Pittman LLP for this timely webcast as we dive into the proposed regulations and the potential impact on financial institutions including real estate entities and professionals.
We will address:
We will address:
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What are the new proposed requirements and what new professionals and entities could be covered under the upcoming regulations?
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What do the proposed requirements mean for trusts and nominees?
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How do attorneys balance attorney client privilege and confidentiality with the proposed reporting requirements?
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What should real estate professionals be doing now to get ready for the forthcoming regulations?
For more information and to register, please visit the Guidehouse event page.
Pillsbury Panelists
Additional Panelists
Ellen Zimiles, Partner, Financial Services Segment Leader, Guidehouse
Alma Angotti, Partner, Financial Services Global Legislative & Risk Leader, Guidehouse
Sponsors
Guidehouse
Pillsbury