By Luc Cohen
A long-awaited U.S. rule aimed at curbing money laundering in real estate has reached a key White House office for review, the final hurdle for it to clear before it can be formally proposed next year.
The rule, put forth by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), reached the Office of Information and Regulatory Affairs on Monday, government records show. After a review by the office, the rule would open up for a two-month public comment period in February 2024, the records show.
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