Andrea Gacki

Director, Financial Crimes Enforcement Network - Leading FinCEN during rule implementation

For decades, anyone with enough cash and a shell company could buy a house in America without telling the federal government who they were. That changed on March 1, 2026, when a new rule from the Financial Crimes Enforcement Network (FinCEN) took effect requiring closing agents to report the true owners behind any legal entity or trust purchasing residential property without traditional bank financing. The rule applies nationwide, to every price point, closing a gap the Treasury Department has called one of the most significant vulnerabilities in the country's anti-money laundering defenses.

Updated 2 hours ago

Director, Financial Crimes Enforcement Network - Leading FinCEN's review of investment adviser AML rule under Treasury Secretary Scott Bessent's direction

FinCEN just delayed anti-money laundering rules for investment advisers by two years, pushing compliance from January 2026 to January 2028. It's the fourth time since 2002 that federal regulators have tried—and struggled—to close what transparency advocates call a $125 trillion loophole that sanctioned Russian oligarchs, corrupt foreign officials, and fraudsters exploit to access U.S. markets. The rule would force 15,000 advisory firms to implement the same suspicious activity reporting that banks face.

Updated Jan 2