Westcor Land Title Insurance Co. is partnering with FinCEN Real Estate Report to help title agents navigate and comply with the new FinCEN regulations going into effect on March 1. The upcoming FinCEN Anti-Money Laundering (AML) regulation will bring new requirements and responsibilities to the title industry.
“At Westcor, we are committed to standing beside agents as the regulatory landscape evolves, and we have been working diligently behind the scenes to ensure our agents are not only prepared but supported every step of the way,” Steven Black, president and chief operating officer of Westcor, said in a release. “We’re confident this new collaboration will bring clarity, efficiency and peace of mind.”
Prior to March 1, Westcor will provide agents with:
- A full overview of the partner solution, including the 20 percent discount for Westcor agents;
- Training opportunities and live walkthroughs; and
- Implementation timelines ahead of the effective deadlines
“Thanks to this collaboration with FinCEN Real Estate Report, Westcor will make compliance as seamless as possible so title agents can stay focused on serving customers,” a news release stated.