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Treasury Proposes New Regulations for Residential Real Estate Transactions

The proposed rules would require records and reports on cash deals as a way to combat money laundering.

Anti-money laundering has become an ongoing topic for the Biden administration. The latest round of reports focuses in part on real estate. As a result, the Treasury Department has proposed new rules that would government CRE transactions.

The report addressed real estate as part of a luxury and high-value goods category. “Money laundering through real estate can negatively affect home prices, particularly since illicit actors seeking to integrate illicit funds may be willing to over or under pay for a property,” the report read.

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Erik Sherman

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