NEW Anti-Money Laundering Requirements Proposed for Investment Advisers

On September 1, 2015, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed an anti-money laundering (AML) requirement for investment advisers registered or required to be registered with the SEC.

This proposed ruling would prescribe minimum standards for AML programs to be established by certain investment advisers and to require such advisers to report suspicious activity. FinCEN is also proposing to delegate authority to examine investment advisers for compliance with these requirements to the SEC.

Read more on the Proposed Rule here.

Ashland Partners provides several services addressing AML needs for small and mid-sized investment advisers.  Contact Jason Millard at 1.541.842.8477 or at jason@ashlandpartners.com for more information.

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