Securities,
Government,
Corporate,
Administrative/Regulatory
Apr. 6, 2016
Proposed money laundering rules focus on investment advisers
U.S. law enforcement's ongoing campaign against international money laundering and terrorist financing has just crossed into new territory: the world of investment advisers.
Michael M. Farhang
Partner
Gibson Dunn & Crutcher LLP
Email: mfarhang@gibsondunn.com
Michael is a former federal prosecutor and a partner in the firm's Los Angeles office. He is a Chambers-ranked attorney and practices in the White Collar Defense and Investigations and Securities Litigation Practice Groups.
U.S. law enforcement's ongoing campaign against international money laundering and terrorist financing has just crossed into new territory: the world of investment advisers. Last August, the Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued a new proposed rule for comment that would subject investment advisers required to register with the Securities and Exchange Commission to the federal Bank Secrecy Act (BSA) and various other anti-money laundering laws. If the p...
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