White House Reviews Delay in Money-Laundering Rule for Advisers

A Treasury Department unit’s proposed two-year delay in applying anti-money laundering rules to investment advisers is under White House regulatory review.

Proposed rules to implement the delay from Treasury’s Financial Crimes Enforcement Network, or FinCEN, reached the White House Office of Information and Regulatory Review on Tuesday, according to OIRA’s website.

Under the proposal, the rules, which were finalized in 2024, would take effect Jan. 1, 2028, instead of the current effective date of Jan. 1, 2026. FinCEN had proposed the delay in September.

The rules would apply anti-money-laundering laws and requirements to report suspicious activity to ...