U.S. Treasury Floats New Anti-Money Laundering Rules for RIAs
Reported by Patrick Donachie Advisor advocates quickly decried the U.S. Treasury’s proposed rules aimed at stopping money laundering and terrorist financing in the RIA space, framing the mandates as “sweeping and duplicative.” The proposed rules, unveiled by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), would apply to advisors registered with the SEC and those […]