FinCEN Continues Aggressive Anti-Money Laundering Trend

Law360, New York (August 31, 2015, 1:45 PM EDT) -- Douglas H. Fischer

Raymond Banoun On Aug. 25, 2015, the Financial Crimes Enforcement Network proposed regulations that would require certain investment advisers to establish anti-money laundering programs and report suspicious activity to FinCEN pursuant to the Bank Secrecy Act.[1] Under the proposed rule, investment advisers would be considered "financial institutions" under the BSA and, therefore, be subject to many new and burdensome compliance, reporting and record keeping requirements.[2]

While investment advisers — like all businesses and individuals — can be held criminally liable for conducting financial transactions with the proceeds of unlawful activity, or aiding and abetting such transactions,[3] they are...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!