Articles

Article Written by Resnick and Hirce on Proposed FinCEN Anti-Money Laundering Rules Published by EurekaHedge

Articles / December 1, 2015

Partner Lauren Resnick and Associate Margaret Hirce authored the article, “AML and Investment Advisers: Understanding FinCEN's New Anti-Money Laundering Rules,” which was published in EurekaHedge on November 25, 2015. In the article, they discuss the proposed rulemaking issued on August 25, 2015, by the Financial Crimes Enforcement Network. They note that the proposal “comes amid an increasing focus on criminal and regulatory enforcement actions for AML, Office of Foreign Assets Control, and Foreign Account Tax Compliance Act violations” and explain it would “require registered investment advisers, including certain hedge funds and asset managers, to establish anti-money laundering programs and monitor and report suspicious activity.”

Read the article, which was originally distributed as a BakerHostetler Client Alert.