Proposed Rule2022-02593
Anti-Money Laundering Regulations for Real Estate Transactions
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 8, 2022
Effective
December 8, 2021
Issuing agencies
Treasury DepartmentFinancial Crimes Enforcement Network
Abstract
On December 8, 2021, FinCEN issued an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment on potential requirements under the Bank Secrecy Act (BSA) for certain persons involved in real estate transactions to collect, report, and retain information. FinCEN is extending the comment period of the ANPRM until February 21, 2022.
Full Text
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<title>Federal Register, Volume 87 Issue 26 (Tuesday, February 8, 2022)</title>
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[Federal Register Volume 87, Number 26 (Tuesday, February 8, 2022)]
[Proposed Rules]
[Pages 7068-7069]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-02593]
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DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
31 CFR Chapter X
RIN 1506-AB54
Anti-Money Laundering Regulations for Real Estate Transactions
AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.
ACTION: Advance notice of proposed rulemaking, extension of comment
period.
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SUMMARY: On December 8, 2021, FinCEN issued an Advance Notice of
Proposed Rulemaking (ANPRM) to solicit public comment on potential
requirements under the Bank Secrecy Act (BSA) for certain persons
involved in real estate transactions to collect, report, and retain
information. FinCEN is extending the comment period of the ANPRM until
February 21, 2022.
DATES: The comment period for the ANPRM published on December 8, 2021,
at 86 FR 69589, is extended. Written comments are now due on or before
February 21, 2022.
ADDRESSES: Comments may be submitted, identified by Regulatory
Identification Number (RIN) 1506-AB54, by any of the following methods:
Federal E-rulemaking Portal: <a href="http://www.regulations.gov">http://www.regulations.gov</a>. Follow the
instructions for submitting comments. Include 1506-AB54 in the
submission. Refer to Docket Number FINCEN-2021-0007.
Mail: Financial Crimes Enforcement Network, Global Investigations
Division, P.O. Box 39, Vienna, VA 22183. Include 1506-AB54 in the body
of the text. Refer to Docket Number FINCEN-2021-0007.
Please submit comments by one method only.
FOR FURTHER INFORMATION CONTACT: FinCEN: The FinCEN Regulatory Support
Section at 1-800-767-2825 or electronically at <a href="/cdn-cgi/l/email-protection#97f1e5f4d7f1fef9f4f2f9b9f0f8e1"><span class="__cf_email__" data-cfemail="f1978392b197989f92949fdf969e87">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: On December 8, 2021, FinCEN published an
ANPRM to assist in the consideration and preparation of a proposed rule
to address money laundering vulnerabilities in the real estate sector.
The ANPRM provided that comments on the ANPRM must be submitted by
February 7, 2022. FinCEN appreciates and values the comments received
so far. To allow for additional time to comment on the issues and
questions raised in the ANPRM, FinCEN is extending the comment period
for 14
[[Page 7069]]
days. Thus, written comments are now due on or before February 21,
2022.
Himamauli Das,
Acting Director, Financial Crimes Enforcement Network.
[FR Doc. 2022-02593 Filed 2-7-22; 8:45 am]
BILLING CODE 4810-02-P
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