Money Laundering: What to Look For
NAR has partnered with the U.S. Treasury Department to provide guidelines on how to detect and respond to money laundering in real estate transactions.
Money laundering doesn’t happen a huge amount in residential real estate, but it happens. These guidelines are intended to keep the number low by arming you with a few simple tips so when a deal involving possible illegal funds comes your way, you’ll suspect it for what it is and let authorities know.
In the 6-minute video above, NAR policy analyst William Gilmartin, NAR Treasury policy analyst Michael Rosen, and NAR attorney Lesley Walker summarize what you’ll find in the guidelines. Learn more at REALTOR® Magazine's Speaking of Real Estate Blog.