CLE Presentations

Monday, May 19^th
10:30am and 11:45am

FinCEN by the Sea: Navigating the Waters of the New FinCEN Reporting Rule for Residential Real Estate Transfers

This panel will explore recent regulatory actions taken by the Financial Crimes Enforcement Network (FinCEN) to combat money laundering in residential real estate transactions. The new rule specifically targets non-financed transfers of residential real estate to a legal entity or trust and requires certain industry professionals to report information on the transfer to FinCEN. Panelists will discuss the scope and impact of the regulations including the new reporting requirements and exemptions from reporting. Panelists will also discuss how the rule affects real estate attorneys and potential challenges for compliance.

Moderator:
Wendy S. Gibbons, Old Republic Title Insurance Company, Oak Island, NC

Panelists:
Brian Danis, First American Title Insurance Company, Santa Ana, CA
Jonathan “Jack” Harrington, Bradley Arant Boult Cummings LLP, Birmingham, AL
Robert R. Maddox, Bradley Arant Boult Cummings LLP, Birmingham, AL

Session #2 Title, Description & Presenters to be announced