Treasury Seeks Delay in Investment Adviser Money-Laundering Rule

The Treasury Department formally proposed a two-year delay in new rules that apply anti-money-laundering requirements to investment advisers.

Under the proposal, the rules would now take effect Jan. 1, 2028, instead of the current effective date of Jan. 1, 2026, Treasury’s Financial Crimes Enforcement Network (FinCEN) said Friday.

The rules would apply anti-money-laundering laws and requirements to report suspicious activity to certain investment advisers who aren’t already covered by those standards. The aim is to ensure that investment advisers aren’t involved in terrorism financing and other illicit financial activity.

Treasury had indicated in July that it planned to delay ...