The U.S. Treasury, through its Financial Crimes Enforcement Network (FinCEN), has proposed new regulations that would extend anti-money laundering requirements to investment advisers. This move aims to bolster the United States' efforts in combating money laundering by mandating investment advisers to assist in detecting and reporting suspicious financial activities. The proposed rule underscores the importance of understanding the source of funds and monitoring frequent deposits and withdrawals to prevent illicit financial flows. Additionally, Germany's financial regulator has issued a warning to Deutsche Bank to rectify its anti-money laundering measures or face potential fines, indicating a broader global crackdown on money laundering practices.
Germany’s financial regulator tells Deutsche Bank to address deficiencies in its prevention of money laundering or face the risk of fines https://t.co/YCSBYr9YVT
The Treasury Department is proposing a rule to require U.S. investment advisers to start detecting and reporting suspected money laundering to the U.S. government https://t.co/cAiVZD8LV2 Understand source of funds. Beware frequent deposits & withdrawals.
Foreign money and influence is exactly how maps from Qatar (that did not include Israel) ended up in Brooklyn public schools. Congress must act. https://t.co/rxuT0DGJ4X
Foreign money can exert influence on higher-ed, which plays a critical role in shaping culture & ideas that influence policy. Congress must enforce transparency reqs, lower reporting thresholds, & prohibit gifts from entities in countries of concern. https://t.co/1PVRmtr2Ab
Treasury proposes new anti-money laundering regulations for investment advisers https://t.co/08cgfC4zE3
The Treasury Department is proposing a rule to require U.S. investment advisers to start detecting and reporting suspected money laundering to the U.S. government https://t.co/8AvBLctQPL https://t.co/8AvBLctQPL
RELEASE: BPI Statement on FinCEN Proposed Investment Adviser Rulemaking https://t.co/mFNP1xllnX https://t.co/qFDLfg0zA9 https://t.co/qEmIUu4w5s
US Treasury unit proposes anti-money laundering rules for fund advisers https://t.co/uxidzovxyY https://t.co/atwBIQVwg7
⚠️ US TREASURY UNIT PROPOSES ANTI-MONEY LAUNDERING RULES FOR FUND ADVISERS (Reuters) The Financial Crimes Enforcement Network (FinCEN), a unit of the U.S. Treasury, proposed new regulations on Tuesday that would require investment advisers to help prevent money laundering and… https://t.co/hRysLYiWwC
Treasury proposes rule to extend anti-money laundering regs to investment advisers https://t.co/BvOkyVXUMj