Jimmy Kang’s Post

Are you up to date on FinCEN's new reporting requirements for property transfers? Learn more about this important development and how it may affect your real estate deals in Lowenstein Sandler LLP's Anti-Money Laundering client alert. #antimoneylaundering #moneylaundering #investmentmanagement #lawyers

Stay informed about the latest developments in real estate transactions! Find out more about FinCEN's new reporting requirements for property transfers in Lowenstein Sandler LLP's recent Anti-Money Laundering client alert. #antimoneylaundering #moneylaundering #investmentmanagement #lawyers

Stay informed about the latest developments in real estate transactions! Find out more about FinCEN's new reporting requirements for property transfers in Lowenstein Sandler LLP's recent Anti-Money Laundering client alert. #antimoneylaundering #moneylaundering #investmentmanagement #lawyers

Stay informed about the latest developments in real estate transactions! Find out more about FinCEN's new reporting requirements for property transfers in Lowenstein Sandler LLP's recent Anti-Money Laundering client alert. #antimoneylaundering #moneylaundering #investmentmanagement #lawyers

FinCEN Proposes New Rule to Deter Money Laundering in the Residential Real Estate Sector https://bit.ly/3VxWfVX #realestate #moneylaundering #FinCEN

FinCEN imposes a reporting "cascade" for certain non-financed real estate transactions. Read about it in our summary of the final rule.

This is a very basic overview of the Beneficial Ownership Information reporting requirements, along with links to more detailed resources that should be helpful in understanding the rules. #fincen #beneficialownershipinformation #realestate

Our latest #mayerbrown legal update examines the recent trend of including a "new" subscription finance exclusion event if a borrowing base investor alleges the Fund committed fraud, breached its fiduciary duty or misappropriated funds. We are seeing more and more lenders require this exclusion event and similar protections to help mitigate their possible exposure to disputes between the investor and the manager. #fundfinance

FinCEN Proposes New Rule to Deter Money Laundering in the Residential Real Estate Sector https://bit.ly/3VxWfVX #realestate #moneylaundering #FinCEN

Following with interest as have been since day one and cases in Bermuda and NZ. Where does “incompetent best” sit on the “gross negligence” spectrum ? Looking forward: Will we see more involvement of trustees in regard to scrutiny of investment decisions/ general movement of funds and performance? Audits of investment portfolios? Required by the trust deed itself? What about the holdcos which are typically used ? Can the trustee insist on transaction monitoring? Or wil this push clients to private trust companies ?