Legal News and Resources

The Financial Crimes Enforcement Network (FinCEN) issued its final anti-money laundering rule for the real estate industry. The Final rule will impose a new set of reporting requirements for non-financed residential real estate transactions.

On May 7, 2024, the FTC officially published its final rule banning non-compete agreements between employers and workers and non-compete policies contained in employee handbooks. The rule defines a "worker" to include employees and independent contractors, externs, interns, volunteers, apprentices, or a sole proprietor who provides a service. The final rule applies retroactively, and most workers' existing non-competes will no longer be enforceable after the final rule's effective date of September 4, 2024.