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Email As part of an effort to combat money laundering in United States residential real estate transactions, the Financial Crimes Enforcement Network bureau of the United States Department of the Treasury (“FinCEN”) issued a final rule on August 29, 2024 creating reporting requirements for certain persons involved in non-financed transfers of residential real property (the “Rule”). The Rule will be effective as of December 1, 2025 (the “Effective Date”). https://www.cadwalader.com/resources/clients-friends-memos/fincen-issues-final-rule-designed-to-combat-money-laundering-in-residential-real-estate-transactions-money-its-a-gas-grab-that-cash-with-both-hands-and-make-a-stash