Eclipse Consulting Group reposted this
🚨 New FinCEN Final Rules to Combat Illicit Finance in Real Estate and Investment Adviser Sectors 🚨 Financial Crimes Enforcement Network, US Treasury (FinCEN) issued two final rules targeting illicit finance risks in the residential real estate and investment adviser sectors. Both rules, effective December 1, 2025, and January 1, 2026, respectively, aim to enhance transparency and national security by addressing vulnerabilities exploited by criminals and foreign adversaries. Key Highlights: 🏡Residential Real Estate Rule: Requires professionals like settlement agents and attorneys to report high-risk, non-financed property transfers involving legal entities. This effort will help mitigate money laundering risks tied to anonymous transactions. 💼 Investment Adviser Rule: Expands AML/CFT requirements to certain Registered Investment Advisers (RIAs) and Exempt Reporting Advisers (ERAs), mandating SAR filings, enhanced recordkeeping, and risk-based AML programs. This closes critical gaps exploited by criminals and corrupt foreign officials to access the U.S. financial system. These measures are crucial steps forward in protecting the integrity of the U.S. financial system and meeting international AML/CFT standards. 🛡️ At Eclipse Consulting Group, we specialize in helping organizations navigate these complexities and strengthen their defenses against regulatory risks. 🤝 Partner with Eclipse Consulting Group to fortify your financial crime prevention and risk management strategy News Release: https://lnkd.in/gRbcTgUG • Residential Real Estate Final Rule: https://lnkd.in/gs23fsax • Residential Real Estate Fact Sheet: https://lnkd.in/g8BqM9MX • Residential Real Estate Frequently Asked Questions: https://lnkd.in/gVYeN-aN • Investment Adviser Final Rule: https://lnkd.in/g8zmr-kg • Investment Adviser Fact Sheet: https://lnkd.in/g-G8XWQ8 • U.S. Strategy on Countering Corruption: https://lnkd.in/gj56WhFi #FinCEN #AML #CFT #Compliance #RealEstate #Investment #NationalSecurity #RiskManagement