FinCEN Acting Director Discusses Potential for AML Rules for Investment Advisers
FinCEN discusses possibility for AML regulations for investment advisers.
May 25, 2022
Tags: AML, FinCEN, Private Funds, Treasury Department
New York’s Financial Regulator Provides Virtual Currency Guidance
New York’s financial regulator provides guidance on the use of blockchain analytics to maintain compliance for virtual currency businesses.
May 11, 2022
Tags: AML, Digital Assets, NYDFS
Agencies’ Regulatory Agendas Include AML, Cybersecurity, ESG, and More
Federal agencies have released updates to their regulatory agendas, which include several important new potential regulations for investment advisers, most notably regarding anti-money laundering, cybersecurity, and private fund advisers.
December 15, 2021
Tags: Money Market Funds, AML, CFTC, Custody, Cybersecurity, DOL, ESG, Private Funds, Proxy Voting, Regulatory Agendas, SEC Investment Management
Treasury is poised to revisit its 2015 proposal that would impose certain anti-money laundering requirements on advisers, following a Biden Administration report outlining a strategy to combat corruption and related crimes.
December 15, 2021
Tags: AML, Private Funds, Treasury Department
SEC Fines Adviser $1.75 Million for Failure to Protect Client Assets
The SEC has settled charges against a Nebraska-based SEC-registered adviser for failing to implement policies and procedures reasonably designed to prevent the misappropriation of funds from client accounts
July 07, 2021
Tags: AML, SEC Enforcement
OFAC Removes Limits on Financial Transactions with Sudan
OFAC has updated its regulations to remove limits on financial transactions with the Government of Sudan and Sudanese nationals.
May 26, 2021
Tags: AML, OFAC, Treasury Department
Advisers Be Aware: New Law Changes AML Landscape
While they do not directly affect investment advisers, advisers should be aware of provisions in the new Anti-Money Laundering Act of 2020 (AMLA), the most significant anti-money laundering legislation enacted since the 2001 USA PATRIOT Act.
March 11, 2021
Federal Agencies Issue Fall 2020 Regulatory Agendas; Custody Moves to Long-Term Agenda
An update on the SEC’s, FinCEN’s, DOL’s, and CFTC’s regulatory agendas as they relate to investment advisers.
December 21, 2020
Tags: AML, CFTC, Custody, SEC Investment Management
Regulators Issue Joint Statement on AML Obligations Related to Digital Assets
Leaders of the CFTC, FinCEN, and the SEC issued a joint statement reminding “financial institutions” of their anti-money laundering and countering the financing of terrorism (AML/CFT) obligations.
December 17, 2020
Tags: AML, Digital Assets
FinCEN and the federal banking agencies have issued a joint fact sheet to provide clarity to banks on due diligence requirements in connection with charities and non-profit organizations.
November 24, 2020