The Treasury Department finalized two new rules to stop the use of residential real estate and private investment deals for money laundering. One rule will impact real estate agents. The other will impact investment advisors. This is a huge step for the Treasury to close loopholes that have turned the U.S. into an international money laundering machine. 

Hi I’m Kathy Fettke and this is Real Estate News for Investors. Before I begin, I’d like to share some exciting news with you! My husband Rich and I are celebrating our book launch at a climbing gym in Denver, and you are invited! It’s free to attend so long as you pre-order our book, Scaling Smart. The book launch is September 8th just two days before the book hits the market. If you miss the big party, you can join us for a virtual book launch on September 21st. Check the show notes below for information!

Links:   Book Launch: https://realwealth.com/scaling-smart-book-launch/   Purchase Scaling Smart Book:  https://tinyurl.com/scalingsmart Virtual Event: https://realwealth.com/scaling-smart-virtual-event/

 

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Disclaimer:

The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.NewsForInvestors.com

  References:   https://www.wsj.com/articles/treasury-loosens-final-anti-money-laundering-rules-for-investment-advisers-real-estate-agents-f9aa6618   https://heathercoxrichardson.substack.com/p/august-29-2024   https://www.wealthmanagement.com/regulation-compliance/treasury-department-finalizes-anti-money-laundering-rule-rias   https://www.costar.com/article/2055232499/real-estate-pros-must-report-residential-cash-sales-under-new-anti-money-laundering-rules   https://www.realtor.com/news/real-estate-news/anti-money-laundering-rules-cash-real-estate/