AIMA welcomes the two-year delay of the Bank Secrecy Act AML rules for investment advisers by the US FinCEN and SEC

Published: 23 July 2025

AIMA welcomes the two-year delay of the Bank Secrecy Act AML rules for investment advisers by the US FinCEN and SEC.

AIMA has been concerned that the two-stage way in which the requirements were being introduced would make it hard for firms to implement them properly.

The delay will allow AIMA members to reassess the requirements and ensure they implement the new AML/CFT requirements in a more robust and coherent way.

AIMA CEO Jack Inglis said: “AIMA fully supports the global fight against criminals abusing the financial system, but rules must be clear to be effective. We’re encouraged that FinCEN has recognised this, giving our member firms the clarity and time they need to build AML frameworks that protect markets and meet their obligations. AIMA looks forward to continuing to work closely with policymakers to ensure that when the rules arrive, they meet the challenges they are designed to beat.”