AFR-EF joined with the FACT Coalition and 35 organizations committed to affordable housing to support the Financial Crimes Enforcement Network (FinCEN) of the United States (U.S.) Department of the Treasury (Treasury)’s notice of proposed rulemaking (NPRM) to establish anti-money laundering regulations for certain residential real estate transfers. Aspiring homebuyers and renters alike simply should not be forced to compete with anonymous entities – including those concealing criminal or other abusive activity – for limited affordable housing options at ever-inflated prices.

The post Letters to the Regulators: Letter in Support of Financial Crimes Enforcement Network’s Notice of Proposed Rulemaking to Establish Anti-Money Laundering Regulations for Certain Residential Real Estate Transfers appeared first on Americans for Financial Reform.