Financial Crimes Enforcement Network (FinCEN) announces new Rule on Residential Real Estate Transactions – Effective December 1, 2025
Effective December 1, 2025, FinCEN will implement a new nationwide rule requiring certain professionals involved in real estate closings and settlements to report non-financed transfers of residential real estate to legal entities or trusts including, in some instances, transfers for zero consideration.
For more detailed guidance and access to FinCEN’s official resources, visit FinCEN’s Residential Real Estate Rule page or review the Fact Sheet.
TOM GAFFNEY’S TOUR OF CENTRAL PARK
Well, it finally happened! After three postponements due to inclement weather, Saturday September 13th was a picture-perfect day for a walking tour of Central Park. Tom Gaffney, General Counsel, licensed NYC Tour Guide and member of the Central Park Conservancy, led a walking tour of Central Park’s least visited and most beautiful sections of the park. Highlights included historic sites from the Revolutionary War and The War of 1812. A terrific time was had by all. Thanks Tom, for sharing your time and your knowledge.