Treasury Seals Two-Year Delay of Anti-Money Laundering Rules

The Treasury Department will delay applying anti-money laundering rules for investment advisers for two years.

The final rules (RIN: 1506-AB58 and 1506-AB69) from Treasury’s Financial Crimes Enforcement Network were released Wednesday and push back the implementation of anti-money-laundering requirements to Jan. 1, 2028, instead of Jan. 1, 2026. These rules also finished White House review earlier this week.

Rules applying laws and requirements to report suspicious activity to certain investment advisers who aren’t already covered by those standards were finalized in 2024. However, the agency wanted to delay those rules to make sure they’re “effectively tailored” to the various ...