ICIJ
•80% Informative
Treasury has proposed a rule to stem dirty money flows through residential real estate.
The rule seeks to expose bad actors who buy properties in cash through trusts and other secretive legal entities.
The U.S. real estate market is one of the largest in the world, valued at $47 trillion in 2023 .
FinCEN has tested similar reporting requirements for title insurance companies in a handful of U.S. jurisdictions.
Treasury has acknowledged commercial real estate is also exposed to illicit finance risk.
The public has a 60-day period to submit written comments on the draft rule for the residential real estate sector.
VR Score
82
Informative language
83
Neutral language
11
Article tone
semi-formal
Language
English
Language complexity
73
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
5
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