Commentary: Jason E. Goldstein, Esq.

ACAMS MoneyLaundering.com, July 27, 2016

Jason Goldstein comments on the recent announcement by the Financial Crime Enforcement Network’s (FinCEN) new reporting rules on cash real estate transactions above $2 million, which extends to several counties across the country, including the largest metro areas in California.

The order issued Wednesday provides the state’s land title firms “with impetus to live up to their public character and the quasi-fiduciary duty they already have to the public and their clients. So I think the burden isn’t great,” he said.