Grateful that I was able to draft the Investment Adviser Association's recent comment letter to the U.S. Department of the Treasury. The IAA fully supports efforts to combat money laundering and terrorist financing, but additions to the robust AML regulatory regime we already have in the United States must be risk-based and designed to fill identified gaps in the existing landscape rather than duplicate the protections that already exist. The IAA has urged the Treasury Department to develop a tailored approach that effectively addresses specific risks while avoiding unnecessary practical and operational burdens, especially burdens on smaller advisers. I believe the IAA's recommendations provide a thoughtful roadmap for achieving this balance. #aml #compliance #investmentadvisers #antimoneylaundering
The IAA has submitted a comment letter calling on the U.S. Department of the Treasury to develop a tailored approach to #AntiMoneyLaundering that effectively addresses specific risks while avoiding unnecessary regulatory burdens on advisers, especially burdens on smaller investment advisers. #AML
