What AML rules apply when my foreign-owned LLC buys or sells real estate in the U.S.?
I am a Chinese citizen with a U.S. LLC and I want to invest in residential rental properties in California. I plan to buy properties through my LLC using funds from my personal savings in China. I have heard that real estate transactions have special AML rules. What do I need to know? Will the government track my property purchases? Do I need to report where my money comes from? I want to be fully compliant but I also do not want unnecessary delays in closing deals.
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