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ARTICLE · 09 SEPTEMBER 2015

AML Requirements Proposed For SEC Registered Advisers

Morgan Lewis
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On August 25, the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury (Treasury), published a notice of proposed rulemaking (NPRM)...

United StatesFinance and Banking
Charles Horn
Charles Horn
Ignacio Sandoval
Ignacio Sandoval

FINCEN'S NOTICE OF PROPOSED RULEMAKING

On August 25, the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury (Treasury), published a notice of proposed rulemaking (NPRM) to impose anti-money laundering (AML) programs and additional reporting requirements on investment advisers registered with the US Securities and Exchange Commission (SEC).1

FinCEN's proposal would require registered investment advisers to have anti-money laundering programs in place, file suspicious activity reports, and comply with additional reporting requirements. The proposal furthers the United States' efforts to comply with international AML standards and recommendations.

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