Real Property, Probate and Trust Law Section takes issue with proposed anti-money laundering reporting requirements

Melissa Jay Murphy

The Real Property, Probate and Trust Law Section is raising concerns about the U.S. Treasury Department’s proposed new anti-money laundering reporting requirements for “non-financed” real estate transfers.

“Money laundering is a real problem,” acknowledges Orlando attorney and former RPPTL Chair Melissa Jay Murphy. But “the proposed rule casts a very, very wide net.”