Advisers Face Sweeping New SEC & FinCEN Customer Rules
Advisers Face Sweeping New SEC & FinCEN Customer Rules
June 17, 2024
Forvis Mazars: Under two proposals, certain advisers would be subject to AML/CFT provisions and must develop a customer identification program.
Under two recently issued proposals, certain SEC investor advisers would now be subject to Anti-Money Laundering and Countering the Financing of Terrorism provisions of the Bank Secrecy Act and also be required to develop a customer identification program. Read more…