The U.S. Treasury has introduced a new federal rule aimed at combating money laundering in the residential real estate sector. Criminals, corrupt officials, and terrorists have been exploiting legal entities and trusts to launder money through real estate transactions. The Financial Crimes Enforcement Network (FinCEN) has implemented new reporting requirements for property transfers to address this issue. Historically, American real estate agents were not required to scrutinize the source of their clients' funding as rigorously as bankers and other businessmen. This new rule seeks to close that loophole and increase transparency in real estate deals, according to EpochTimes.