SEC Extends Relief Allowing Brokers to Rely on Advisers for AML Compliance
Earlier this year, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) adopted rules imposing anti-money laundering obligations on advisers and proposed additional rules that would mandate further anti-money laundering obligations on advisers. The compliance date for the previously adopted rule has been recently extended, as has consideration of the proposed amendments.
Earlier this year, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) adopted rules imposing anti-money laundering obligations on advisers and proposed additional rules that would mandate further anti-money laundering obligations on advisers. The compliance date for the previously adopted rule has been recently extended, as has consideration of the proposed amendments.
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