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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From FiSolve, Federal Housing Finance Agency Director William Pulte shared via social media post his instructions to Fannie Mae and Freddie Mac to prepare their businesses for counting cryptocurrency as an asset on mortgage applications. Pulte said the move was “in keeping with President Trump’s vision to make the United States the crypto capital of the world.” In his order, he said crypto is an emerging asset class that may offer an opportunity to build wealth outside of the stock and bond markets. Read more here.
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.