US judge strikes down rule targeting money laundering in real estate

NEW YORK, March 20 (Reuters) - A U.S. judge has struck down a Treasury ​Department rule aimed at curbing money laundering in real estate by ‌requiring that the beneficial owners of companies buying real estate in cash be disclosed. Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here. The Treasury Department's Financial Crimes Enforcement Network (FinCEN) implemented the rule in ​2024 to prevent criminals from anonymously stashing ill-gotten gains in U.S. ​property. Lawyers at the libertarian Pacific Legal Foundation challenged the ⁠rule, arguing it exceeded FinCEN's statutory authority....