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In this special installment of Conversations with My Real Friends®, Jennifer Felten, Esq. and Michael Haas, CPA take the stage at a recent event providing vital insights on FINCEN’s new reporting rule.
Escrow transactions are increasingly targeted for money laundering. Professionals involved in these transactions are on the front lines of detection and prevention. In this video, Michael takes a close look at how money laundering can occur in escrow, the warning signs to watch for, and why escrow, title, and real estate professionals play a critical role in compliance.
Michael discusses common laundering tactics seen in real-world transactions, how illicit funds can be disguised through property closings, and where professionals may face exposure if red flags are missed or ignored. This session also connects escrow activity to broader AML and FinCEN concerns, helping viewers understand why regulators are paying close attention to these transactions.
If you handle escrow funds or participate in real estate closings, this video provides practical insight to help you recognize risk, ask the right questions, and protect both your clients and your business.
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