In a landmark regulatory move, the Financial Crimes Enforcement Network (FinCEN) has finalized its long-anticipated laundering and counter-terrorism financing (AML/CFT) rule for investment advisers. Effective January 1, 2026, the rule places registered investment advisers (RIAs) and exempt reporting advisers (ERAs) under Bank Secrecy Act (BSA)-style compliance obligations–ushering in a new era of heightened monitoring and reporting expectations across the advisory space.
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FiSolve‘s July 11 weekly financial and regulatory news updates:
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From our friends at FiSolve, this week’s financial and regulatory news:
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At its June 2025 plenary meeting, the Financial Action Task Force (FATF) updated its global watchlists for jurisdictions with deficiencies in anti-money laundering, terrorist financing, and weapons proliferation controls. The British Virgin Islands and Bolivia were added to the list of “Jurisdictions Under Increased Monitoring,” while Croatia, Mali, and Tanzania were removed. Iran, North Korea, and Burma remain classified as “High-Risk Jurisdictions Subject to a Call for Action,” with Iran and North Korea facing countermeasures and Burma subject to enhanced due diligence. FinCEN advises U.S. financial institutions to review these changes when assessing risk and to ensure compliance with U.S. AML regulations, especially regarding correspondent accounts with foreign financial institutions and obligations under U.S. sanctions and the Bank Secrecy Act. Institutions must not engage in indiscriminate de-risking but are expected to apply risk-based controls and file Suspicious Activity Reports when warranted. Read more here.
From FiSolve, the Securities and Exchange Commission extended the compliance date for the amendments to Rule 15c3-3 (the broker-dealer customer protection rule) from December 31, 2025 to June 30, 2026. The amendments require certain broker-dealers to increase the frequency of required reserve computations under Rule 15c3-3 from weekly to daily. The SEC announced the extension is designed to provide more time for broker-dealers to make any necessary systems or operational changes to implement a daily computation requirement and test their new daily processes for compliance. Read more here.