ALTA Warns Court That FinCEN AML Rule Imposes Burden on Small Business
September 2, 2025
ALTA filed an amicus brief on Sept. 2 supporting Fidelity National Financial’s motion for summary judgment in its challenge to FinCEN's Anti-Money Laundering (AML) rule for residential real estate transactions. In the brief, ALTA argues the rule will impose crippling compliance costs on small title companies, while offering only speculative law enforcement benefits. The rule is set to go into effect Dec. 1.
Contact ALTA at 202-296-3671 or [email protected].