New reporting rules to trace possible money laundering by terrorists in mutual funds are likely to boost fund fees slightly, The Milwaukee Business Journal reports. The rules, which went into effect on June 5 and apply to transactions beginning Oct. 31 and beyond, are primarily increasing costs at transfer agents, although some fund companies might hire additional compliance staff to help scour for suspicious activity.

The new rules require funds to report to Federal authorities transactions of funds that appear to be the result of illegal activity, aimed at evading Federal law or do not make sense.

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