Nina Zegarra-Schmidt

Nov 28, 2024 | mondaq.com | Brad Caswell |Zila Acosta Grimes |Nina Zegarra-Schmidt |Rachel Seward Francklyn

FinCEN's new anti-money laundering (AML) rule for investment advisers imposes AML obligations on both registered investment advisers (RIAs) and exempt reporting advisers (ERAs) and represents a significant development for global investment managers. For the first time, RIAs and ERAs will be required by law to establish robust AML programs, including procedures for filing suspicious activity reports (SARs).