Policy Issues

Roundtable, Real Estate Coalition Comment on Proposed Anti-Money Laundering Regulations

February 21, 2022

LETTER

Ten national real estate industry organizations, including The Roundtable, on Feb. 21 submitted detailed comments on to the Financial Crimes Enforcement Network (FINCEN) on anti-money laundering regulatioinss affecting real estate transactions. 

The letter addresses three recommendations for FINCEN: 

  1. Study the commercial and multifamily real estate markets to tailor future regulation to how those markets function;
  1. Leverage the Corporate Transparency Act and the beneficial ownership database to reduce the necessary scope of further action;  and

     

  2. Distinguish nonbank commercial real estate lenders from true all-cash transactions.

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