Banks, money transmitters and even casinos must file SARs if they suspect their businesses are being used for illicit purposes.
The real-estate sector, in contrast, has relatively few reporting requirements even though an estimated $2.3 billion was laundered through U.S. real-estate transactions from 2015 to 2020, according to an analysis cited by FinCEN. Source: https://www.wsj.com/articles/u-s-weighs-new-rules-for-all-cash-real-estate-deals-11638827425
Treasury Department’s Financial Crimes Enforcement Network - Credit Union Times article
Are you the creator of this podcast?
and pick the featured episodes for your show.
Connect with listeners
Podcasters use the RadioPublic listener relationship platform to build lasting connections with fansYes, let's begin connecting
Find new listeners
Understand your audience
Engage your fanbase