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Advisers Face Sweeping New SEC & FinCEN Customer Rules

Under two proposals, certain advisers would be subject to AML/CFT provisions and must develop a customer identification program.

Under two recently issued proposals, certain SEC investor advisers would now be subject to Anti-Money Laundering and Countering the Financing of Terrorism provisions of the Bank Secrecy Act and also be required to develop a customer identification program. Download the article below for details on the proposals.

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