What US hedge funds need to know about the new AML rule

RIAs should take several steps to ensure they are prepared for finalised rule


Registered investment advisers (RIAs) have been awaiting the finalisation of the proposed anti-money laundering (AML) rule since it was proposed in August 2015. The rule, if finalised, would require RIAs to establish AML programmes and report suspicious activity to the Treasury Department’s financial crimes enforcement network (FinCEN) under the Bank