Treasury’s Financial Crimes Enforcement Network (FinCEN) said Monday, July 21, that it plans to postpone the effective date of a rule bringing certain investment advisers within the standards of its anti-money-laundering (IA AML Rule) program as it revisits the rule.
The IA AML Rule seeks to address ongoing illicit finance risks, threats and vulnerabilities posed by criminals and foreign adversaries that exploit the U.S. financial system and assets through investment advisers.
FinCEN recognizes, however, that the rule must be effectively tailored to the diverse business models and risk profiles of the investment adviser sector. FinCEN said it also recognizes that extending the effective date of the rule may help ease potential compliance costs for industry and reduce regulatory uncertainty.
FinCEN anticipates delaying the effective date of the IA AML Rule from Jan. 1, 2026, until Jan. 1, 2028. Read the Treasury’s press release.