Treasury's FinCEN Will 'Revisit' Anti-Money Laundering Rule for Investment Advisers

Personal funding advisers have served as an entry level into U.S. markets for overseas buyers utilizing illicit finance related to fraud, tax evasion and corruption, in response to a 2024 Treasury Division report. Traders from Russia and China have invested by way of enterprise capital companies specifically to obscure possession of U.S. property, the report acknowledged.