IAA Statement on Treasury Postponement and Reopening of Investment Adviser Rule
July 21, 2025
Contact: IAA VP of Communications & Marketing Janay Rickwalder
The Investment Adviser Association applauds FinCEN for delaying the compliance deadline for the Anti-Money Laundering rule for Investment Advisers by two years and announcing its intention to revisit the scope of the AML rule at a future date. The IAA appreciates FinCEN’s consideration of the many concerns we have raised with the short compliance timeline and the overbroad scope of the rule. We have also called on FinCEN and the SEC to ensure that efforts on the related open Customer Identification Program proposal align with the AML rule and we commend the agencies for revisiting that proposal as well. We look forward to working with FinCEN and the SEC to better achieve an appropriate balance between ensuring an effective regulatory regime to combat illicit finance while minimizing duplication and unnecessary burdens on investment advisers.
