Archive:February 16, 2024

1
FinCEN Proposes AML Requirements on Registered Investment Advisers (including Exempt Reporting Advisers)
2
Australia: Internal Dispute Resolution (IDR) Reporting Due for Financial Services Licensees

FinCEN Proposes AML Requirements on Registered Investment Advisers (including Exempt Reporting Advisers)

Feb 16 2024
Browse archives for February 16, 2024
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Global Regulatory Development, Investment Manager Regulation

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By: Richard F. Kerr, Jennifer L. Klass, and Annabelle H. North

On 13 February 2024, the Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking (NPRM) that would impose anti-money laundering (AML) and counter-terrorist financing (CFT) requirements on Securities and Exchange Commission-registered investment advisers (the SEC, and such investment advisers, RIAs) and exempt reporting advisers (ERAs). FinCEN previously made similar rule proposals in both 2003 and 2015, which were never finalized.

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Australia: Internal Dispute Resolution (IDR) Reporting Due for Financial Services Licensees

Feb 16 2024
Browse archives for February 16, 2024
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Institutional Investors, Pensions and Retirement Funds, Retail Investor Funds, Sophisticated Investor Funds

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By: Daniel Knight and Laura McFadzean

All Australian financial services licensees with a retail authorisation, Australian credit licensees and certain unlicensed entities and superannuation trustees (eligible entities) are required to report IDR data to ASIC by 29 February 2024 at 11:59 PM.

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