FinCEN Extends Comment Period for Non-Financed Real Estate Transaction NPRM; Now Due Feb. 21

The Financial Crimes Enforcement Network (FinCEN) announced that it would extend the comment period of its Real Estate Advance Notice of Proposed Rulemaking (ANPRM).  On Dec. 8, 2021, FinCEN issued the ANPRM to solicit public comment on a potential rulemaking to address the vulnerability of the U.S. real estate market to money laundering and other illicit activity. 

To allow for additional time to comment on the issues and questions raised by the ANPRM, FinCEN will publish a notice in the Federal Register that extends the comment period for 14 days. 

FinCEN appreciates the responses already provided by commenters, and looks forward to considering any additional information submitted during the extended comment period. 

Comments should be submitted by Feb. 21, 2022.