FinCEN Proposes to Postpone Investment Adviser Rule

FinCEN is proposing to push back the effective date of its investor adviser rule from January 1, 2026 to January 1, 2028. The rule requires covered investment advisors to establish AML/CFT programs, report suspicious activity, and keep relevant records. This announcement comes after FinCEN temporarily exempted investor advisers from complying with the regulation. Comments must be received by October 22, 2025.