US investment advisors on notice of AML obligations as FinCEN issues draft rule

The risk that sanctioned individuals, corrupt officials, tax evaders, "foreign adversaries" - China and Russia are named - and other criminals might put money into US securities, real estate and other assets is FinCEN's rationale for issuing a notice of proposed rulemaking (NPRM) that would impose anti-money laundering/counter financing of terrorism (AML/CFT) requirements on certain investment advisors.

The risk that sanctioned individuals, corrupt officials, tax evaders, "foreign adversaries" - China and Russia are named - and other criminals might put money into US securities, real estate and other assets is FinCEN's rationale for issuing a notice of proposed rulemaking (NPRM) that would impose anti-money laundering/counter financing of terrorism (AML/CFT) requirements on certain investment advisors. [1]