Just when you thought you survived the Corporate Transparency Act and last year’s constant state of flux as to whether the Financial Crimes Enforcement Network (FinCEN) would be enforcing the beneficial ownership reporting requirements for business entities, FinCEN’s new anti-money laundering regulations for residential real estate transfers rule (the RRE rule) mandating reporting for certain residential real estate transactions is set to go into effect on March 1, 2026. The RRE rule requires the reporting of nonfinanced real estate transactions involving business entities and trusts to FinCEN in an effort to prevent money laundering in the sale of real estate. For estate-planning professionals, the RRE rule creates a new compliance burden that will require additional due diligence, increased documentation and new filings in certain real estate transactions.
