FinCEN Issues Proposed Rule to Postpone Effective Date of Investment Adviser Rule

Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking to extend the effective date of the final rule establishing Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers (IA AML Rule) from January 1, 2026, until January 1, 2028.

This notice of proposed rulemaking follows the exemptive relief order that FinCEN issued on August 5. For more information, see Treasury's announcement of FinCEN's intention to postpone and reopen the IA AML Rule.

Notice of Proposed Rulemaking: Federal Register :: Public Inspection: Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers