Description
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is launching a sweeping new rule: the Residential Real Estate Reporting Rule (RRE Rule), effective December 1, 2025. This national initiative requires disclosures in non-financed transfers of residential real property to non-individuals, replacing FinCEN’s existing Geographic Targeting Orders (GTOs).
Understanding and applying the cascade of responsibility and Designation Agreement protocols is essential for minimizing liability and achieving regulatory compliance. To advise your clients properly you need a thorough grasp of the RRE Rule’s scope, its role in anti-money laundering efforts, and the significant compliance and data retention obligations it imposes on all involved entities.
Join us for a comprehensive overview of these key issues and practical strategies for implementing compliance procedures in real estate and legal practices. This 60-minute program will provide an advanced review of the RRE Rule’s structure, obligations, and filing mechanics.
Topics include:
- FinCEN’s objectives and background of the Residential Real Estate Reporting Rule
- When is a reportable transaction?
- What exemptions apply under the Rule?
- Cascade of responsibility vs. Designation Agreement
- Required elements in the Designation Agreement
- Determining beneficial ownership and what must be reported
- Filing the report: Information, documentation, and process
- Data retention requirements
- Electronic filing timelines and protocols
- Overview of FinCEN’s filing platform and compliance solutions
This course is designed for attorneys involved in property transactions and corporate entity formation. It is particularly suited for those responsible for compliance under FinCEN reporting rules and managing real estate portfolios, trusts, or ownership structures.