BIG #news
the U.S. is finally ending the gargantuan anti-money laundering loopholes for real estate, private equity, hedge funds, and more.
This will close off crucial pathways for #Russian money laundering and sanctions evasion
https://www.fincen.gov/news/news-releases/fincen-issues-final-rules-safeguard-residential-real-estate-investment-adviser
@Kinnison well *thats* gonna tank Miami real estate 😅
I kid. But I’m gonna have to read up on this.
Thx