JD Supra

Client Alert: A Second Wave: FinCEN and SEC Further Extend Investment Advisers’ AML Obligations with New CIP Requirements

In a sequel to FinCEN’s proposal earlier this year to extend anti-money laundering and Bank Secrecy Act regulations to investment advisers (AML/BSA Proposal), on May 13, 2024, FinCEN and the SEC ...
JD Supra

SEC and FinCEN Propose Customer Identification Program Requirements for Certain Investment Advisers

The CIP Proposal complements—and was foreshadowed by—FinCEN’s February 2024 proposal to impose anti-money laundering (“AML”) compliance program obligations on SEC Advisers (the “AML Proposal”). As we ...
Insurancenewsnet.com

Request for Information and Comment on Customer Identification Program Rule Taxpayer Identification Number Collection Requirement

Written comments on this RFI are welcome and must be received on or before May 28, 2024. ADDRESSES: Comments may be submitted by any of the following methods: * Federal eRulemaking Portal: https://www ...

Know Your Client (KYC): Key Requirements and Compliance for Financial Services

Discover what Know Your Client (KYC) means for financial services, including essential compliance requirements and how it ...