FinCEN final rule lessens impact on small registered investment advisers

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FinCEN final rule lessens impact on small registered investment advisers

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Treasury’s Financial Crimes Enforcement Network estimates the rule will require about 200 previously unaffected small RIAs to participate in FinCEN’s anti-money-laundering and terrorism programs. The number of affected RIAs is lower than the proposed rule’s estimate.
Source: JOA News
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