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ARTICLE · 13 SEPTEMBER 2024

Financial Markets And Funds Quick Take | Issue 30

Katten
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Katten

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Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds.

United StatesFinance and Banking
Wayne M. Aaron
Wayne M. Aaron
Adam Bolter
Adam Bolter
James Brady
James Brady
Wendy Cohen
Wendy Cohen
Christopher Collins
Christopher Collins
Daniel J. Davis
Daniel J. Davis
Michael J. Diver
Michael J. Diver
David Goldberg
David Goldberg
Carolyn Jackson
Carolyn Jackson
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Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds.

To read more issues of Katten's Financial Markets and Funds Quick Take, please click here.

FinCEN Adopts Final Rule: AML Programs for Investment Advisers

By Adam Bolter

On August 28, the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule that expands anti-money laundering (AML) and countering the financing of terrorism (CFT) program requirements to cover Securities and Exchange Commission (SEC) registered investment advisers (RIAs) and SEC exempt reporting advisers (ERAs) (collectively, Investment Advisers). FinCEN has narrowed the scope of investment advisers subject to the final rule, excluding "investment advisers" from the definition, such as RIAs that register with the SEC solely because they are (I) "mid-sized advisers;" (ii)

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