The Financial Crimes Enforcement Network (FinCEN) has issued a new rule on residential real estate and has renewed certain Geographic Targeting Orders. 

FinCEN Issues Final Rule to Safeguard Residential Real Estate

Effective December 1, 2025 the new residential real estate rule issued by FinCEN will require industry professionals to report information to FinCEN about non-financed (cash deals) transfers of real estate to a legal entity or trust that pose a high risk of illicit finance. This rule is intended to help increase transparency and limit opportunities for money laundering. Learn more in FinCEN's press release. 

FinCEN Renews Certain Geographic Targeting Orders

On October 15, 2024, FinCEN renewed its Geographic Targeting Orders (GTO) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate. The terms of the GTOs are now effective through April 14, 2025. 

The GTOs cover certain counties within the following states: California, Colorado, Connecticut, Florida, Hawaii, Illinois, Maryland, Massachusetts, Nevada, New York, Texas, Washington, and Virginia, as well as the District of Columbia. 

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