Description

The FinCEN Real Estate Report is a new federal reporting requirement for certain residential property transfers considered high-risk for illicit financial activity. It applies to non-financed transfers where ownership is transferred to an entity or trust. Information submitted is not public and is used only by law enforcement and national security agencies to detect and prevent money laundering. 

The rule becomes effective March 1, 2026. Any reportable transfer closing on or after this date must comply with the new requirements.