FinCEN Looks To Expand AML Rules to Investment Advisers
What’s Happening? On 13 February 2024, the Financial Crimes Enforcement Network (FinCEN) put forward a proposal to expand the anti-money laundering and counter-terrorist financing (AML/CFT) rules under the US Bank Secrecy Act (BSA) to US investment advisers. This change aims to bring investment advisers, including hedge funds, private fund advisers, and venture capital fund advisers, […]