FinCEN Delays AML/CFT Program and SAR Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers

Summary

The Financial Crimes Enforcement Network (FinCEN) is delaying the effective date of the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Program and Suspicious Activity Report (SAR) Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers by two years, requiring investment advisers to develop and implement an AML/CFT program by that later date.