For years, the Department of the Treasury was concerned that all-cash residential real estate transactions offered an opportunity to launder illicit funds. Bank-financed purchases already fall under lender Anti-Money Laundering (“AML”) obligations, but transfers that bypass institutional financing historically received far less scrutiny. Financial Crimes Enforcement Network (“FinCEN”)’s new residential real estate reporting requirement closes […]
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The Art of Letting Go: Delegating Without Fear
For most attorneys, control isn’t a weakness; it’s a survival skill. You’re trained to anticipate problems, manage risk, and protect...
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