WASHINGTON –If a federal rule under development becomes the law of the land, advisors will need to set up an anti-money laundering program, what for many will entail a major new compliance effort.
As the Treasury Department develops a rule that would require SEC-registered advisors to establish an AML program, a commission official offered some guidance for what those programs should look like, along with a warning that money laundering is not an issue the agency takes lightly.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access