Regulatory Alerts2025-12-31
Delaying the Effective Date of the Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers
The Financial Crimes Enforcement Network issued a final rule delaying the effective date of the Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers from January 1, 2026, to January 1, 2028. This two-year extension allows covered investment advisers additional time to develop and implement compliant programs while providing FinCEN an opportunity to review and tailor the rule to diverse business models. The agency determined that the delay appropriately balances the reduction of regulatory burdens and costs against the need to protect the U.S. financial system from illicit finance risks.
Share