Investment Adviser - AML for Investment Advisers

Currently, investment advisers are not required to implement anti-money laundering (AML) procedures. However, there is a proposed SEC AML rule pending and it is widely believed that the SEC will issue final rules for investment advisers in the near future. As a result, SCA has developed a “Best Practices” AML Program for investment advisers, including policies for accepting new clients and dealing with existing clients.