08.28.24

Treasury Loosens Final Anti-Money-Laundering Rules for Investment Advisors

by: Dylan Tokar

The U.S. Treasury Department moved to complete regulations that extend anti-money-laundering measures to certain investment advisors, but indicated it was loosening the requirements. The rules seek to address gaps in the U.S. financial system’s safeguards through which criminals and sanctioned individuals can move illicit money. One rule requires certain categories of investment advisors to screen for and report their clients’ suspicious activity.

Read the full article on The Wall Street Journal