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FinCEN issues rules impacting real estate and investment advisory compliance

Abrigo

The subjective nature of real estate pricing makes for easily manipulated transactions. It excludes personal transactions, which are more transparent and pose less money laundering risk. It also does not cover commercial real estate (CRE) transactions, although FinCEN is expected to address CRE at a later date. real estate.

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AML/CFT hot topics: What to expect in 2023

Abrigo

With no centralized authority to flag suspicious transactions, it’s difficult to stop crypto fraud before it happens. Crypto transfers cannot be reversed – once the money is gone, users cannot get it back even if they report a fraudulent transaction. Understanding the red flags for crypto monitoring is a critical first step.