The lack of any significant effect appears to be the result of most transactions involving a wire transfer, which can be traced and, therefore, is not part of the new disclosure rules. As to why these rules were enacted in the first place, it was due to the large number of all-cash transactions in Miami-Dade, over 50 percent in fact. They are meant to prevent money laundering and are expected to expire on August 27. However, despite most of the transactions being legitimate, there are rumblings that the rules may be extended beyond this date and new disclosure rules may be instituted.
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