News
Anti-money laundering rule looms for US investment advisers
13 Mar 2017
13 Mar 2017
In the current deregulatory environment, investment advisers might expect a reprieve from new federal compliance rules. But one exception is the proposal for an anti-money-laundering regulation, which experts believe is likely to become the law of the land, bringing with it a significant new compliance responsibility.
A year and a half ago, the Treasury Department proposed extending the requirement to maintain a formal anti-money-laundering program under the Bank Secrecy Act to SEC-registered investment advisers.
Count this content towards your CPD minutes, by signing up to our CPD Wallet
FREE CPD Wallet
You must be logged in to post a comment.