TITLE-WIRE-001Critical Risk
wire activity
Red Flag
Closing funds are wired from an account that is not in the buyer’s name, with no gift letter, power of attorney, or other documentation authorizing the third-party funding.
Industry
Title & Escrow Companies
Transaction Type
wire
Customer Type
individual
Category
Regulatory Source
Document:FinCEN RRE Advisory
Type:FinCEN Advisory
CFR Citation:31 CFR §1010.370
SAR Category:Wire transfer
FinCEN Key Term:Third-Party Wire
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.