Foreign Investors In U.S. Real Estate: New Beneficial Interest Disclosures And The Financial Crimes Enforcement Network (“FinCEN”)

This article discusses the now effective U.S. beneficial ownership rules that were enacted as part of the Corporate Transparency Act on January 1, 2021, in light of other U.S. beneficial ownership reporting obligations being raised in certain states and at the federal level through Geographic Targeting Orders. Those investing in U.S. real estate, as well as those investing through U.S. entities generally, should be aware of such rules currently in place.  Mondaq publication. January 19, 2024. Read Here