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Home » Store » Taxable » Bush Administration Plans to Require Loan Closers to Develop, Implement Anti-Money Laundering Program

Bush Administration Plans to Require Loan Closers to Develop, Implement Anti-Money Laundering Program

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Settlement service providers and other participants in real estate closing transactions are warily eyeing a Bush administration plan to enlist them in homeland security efforts. Last week, the Department of the Treasury sought public comment on an advance notice of proposed rulemaking which would require “persons involved in real estate closings and settlements” to establish anti-money laundering programs. The initiative is aimed
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