New FinCEN Reporting Requirement Coming to a Real Estate Closing Near You

Presenter: Cheri Hipenbecker, General Counsel, Knight Barry

Beginning March 1, 2026, transfers of residential real estate, such as single-family dwellings, for which credit is not extended by an institution with an anti-money laundering program, need to be reported to the federal government. It is vital for lawyers practicing in real estate, estate planning, or business to understand when the reporting requirement applies and to advise clients accordingly. Please join this session for a breakdown of the new Federal Real Estate Rule from FinCEN (US Dept of Treasury - Financial Crimes Enforcement Network) to: 

• Discuss what transactions are reportable 
• Understand who must report the transactions 
• Review the necessary contents of the report 
• Evaluate the civil and criminal penalties that can be imposed for failure to report

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