Puerto Rican privacy groups say new anti-money laundering rule will hurt real estate transactions.

Several local privacy advocates have filed a federal lawsuit challenging a new anti-money laundering rule issued by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network. (Wikipedia) By THE STAR STAFF A new anti-money laundering law that was slated to go into effect nationwide on Sunday will disrupt hundreds of legitimate real estate transactions and force individuals to provide sensitive personal information, according to a complaint from a coalition of Puerto Rico-based...