“FinCEN clearly has the authority to regulate persons involved in real estate transactions,” James Vivenzio, a partner at Seattle-based law firm Perkins Coie and former director for the Bank Secrecy Act (BSA)... Read more »
The first step for many title agencies has been redesigning internal workflows so closers and processors may continue focusing on transactions while separate compliance teams handle FinCEN reporting. At Florida Agency Network... Read more »