FinCEN Resources
New federal rules from FinCEN require certain real estate professionals involved in non-financed residential property transfers—specifically those with legal entities or trusts as buyers—to report transaction details. These rules aim to increase transparency in real estate and combat money laundering. The requirements apply nationwide and cover residential properties, including vacant land intended for a residential structure. This page provides information and practical tips to help you understand what’s required and to ensure compliance.
Agent Guide to FinCEN
A summary of what a real estate agent needs to know regarding FinCEN.
When Reporting is Required
A guide to use for determining if a transaction will require FinCEN reporting.
FinCEN Reporting Flow Chart
A flow chart to determine what is FinCEN reportable.
Important Links
Exemption Checker
FinCEN Exemption Checker
Checking AML Requirements
If the lender is a bank or credit union subject to Bank Secrecy Act AML and SAR requirements and the loan is secured by the property, the transaction may be exempt from FinCEN real estate reporting. Use the bank lookup for FDIC insured institutions and the credit union lookup for NCUA insured institutions.
Check for Bank AML Requirement
Check for Credit Union AML Requirements
Financial Institution AML Checker Tool
For lenders not showing on any AML directory the following certification is required.
Lender-AML-Certification.pdf