WASHINGTON — In the current deregulatory environment, investment advisors might expect a reprieve from new federal compliance rules. But one exception is the proposal for an anti-money-laundering regulation, which experts believe is likely to become the law of the land, bringing with it a significant new compliance responsibility.

A year and a half ago, the Treasury Department proposed extending the requirement to maintain a formal anti-money-laundering program under the Bank Secrecy Act to SEC-registered investment advisors.

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