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Weekly Roundup: White House Weighs AML Rule for Investment Advisers, U.S. Real Estate Under Treasury Department Scrutiny, and More
printThe U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) forwarded a proposed anti-money laundering (AML) rule for investment advisers to the White House budget office last month, Compliance Complete reported. U.S. officials have been considering such a rule since the early 2000s. More FinCEN is seeking to better define and understand the money-laundering risks associated with real estate closings and settlements as part of an effort to determine whether to impose additional AML requirements, the bureau's director said this week. More The U.S. Justice Department on Friday disclosed a non-prosecution agreement with Vadian Bank AG under Category 2 of the...
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