03/09/2026
New Financial Reporting Requirements are Now in Effect
We are compelled to inform our readers when there is a substantial change to regulations affecting real estate transactions. As of March 1, 2026, sweeping changes to financial reporting are in effect. By way of background, “FinCEN”, otherwise known as the Financial Crimes Enforcement Network, has pertained to financial reporting of particular transactions, defined by amount and location. Now, FinCEN, has been more broadly applied in all fifty states, regardless of the size of transaction (even zero consideration) and is a Federal compliance requirement to satisfy....
We are compelled to inform our readers when there is a substantial change to regulations affecting real estate transactions. As of March 1, 2026, sweeping changes to financial reporting are in ...