Investment Adviser Association

Rule Changes

As of May 2026: Successfully lobbied for two-year delay

FinCEN just delayed anti-money laundering rules for investment advisers by two years, pushing compliance from January 2026 to January 2028. It's the fourth time since 2002 that federal regulators have tried—and struggled—to close what transparency advocates call a $125 trillion loophole. Sanctioned Russian oligarchs, corrupt foreign officials, and fraudsters exploit it to access U.S. markets.

Updated May 19