Important Regulatory Developments for Investment Advisers Regarding Anti-Money Laundering Regulations and BEA Form BE-180
Contributor(s)
There have been two important regulatory developments for investment advisers. The Financial Crimes Enforcement Network has proposed rules that would require registered investment advisers to adopt anti-money laundering programs and report suspicious activity, and the Bureau of Economic Analysis has adopted rules that require certain U.S. investment advisers and other financial services providers to report financial services transactions with non-U.S. persons on Form BE-180 by November 1, 2015.
More from the Private Equity Blog
Copyright © 2024 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Prior results do not guarantee a similar outcome. Weil, Gotshal & Manges LLP is headquartered in New York and has office locations in Boston, Brussels, Dallas, Frankfurt, Hong Kong, Houston, London, Los Angeles, Miami, Munich, New York, Paris, San Francisco, Silicon Valley and Washington, D.C.