Skip to Primary Navigation

Skip to main content

New FinCEN AML Rule brings investment advisers under bank-like scrutiny

A worker uses a magnifying glass to inspect a sheet of brand new printed $100 bills at the United States Treasury Department.
Photo: James Leynse/Getty Images

Janaya Moscony | SEC3

2 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

The rule places RIAs and ERAs under Bank Secrecy Act-style compliance obligations.

In a landmark regulatory move, the Financial Crimes Enforcement Network (FinCEN) has finalized its long-anticipated laundering and counter-terrorism financing (AML/CFT) rule for investment advisers.

Effective January 1, 2026, the rule places registered investment advisers (RIAs) and exempt reporting advisers (ERAs) under Bank Secrecy Act (BSA)-style compliance obligations – ushering

Who’s in

, , , , , , , ,