US delays and reopens investment adviser rule

FinCEN, the US financial intelligence unit, announced on 21 July that it would revisit the final rule requiring certain investment advisers to implement anti-money laundering and counter terrorist financing controls and file suspicious activity reports.

FinCEN, the US financial intelligence unit (FIU), announced [1] on 21 July [2025] that it would revisit the final rule [2] requiring certain investment advisers (IAs) to implement anti-money laundering and counter terrorist financing (AML/CTF) controls and file suspicious activity reports (SARs). The effective date, originally 1 January 2026, is now expected to be 1 January 2028.