Important Regulatory Developments for Investment Advisers Regarding Anti-Money Laundering Regulations and BEA Form BE-180
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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.
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