Chief Compliance Officers: FinCEN and SEC Anti-Money Laundering
March 18, 2024 ⚊ 1 Min read ⚊ Views 34 ⚊ BLOG
The proposed rule would require RIAs and ERAs to implement an AML/CFT program, file Suspicious Activity Reports (SARs) with FinCEN, keep records relating to the transmittal of funds (i.e., comply with the Recordkeeping and Travel Rule), among other obligations. This marks a significant shift in the regulatory landscape, and it’s crucial for investment advisers to understand these new requirements.
Tags: Compliance Jobs, Regulatory Compliance
