In the News | The Wealth Advisor
New money laundering rules delayed by the treasury department
July 22, 2025 · Authored by
Financial Crimes Enforcement Network (FinCEN) recently announced its intent to pause the effective date of its anti-money laundering (AML) rule for investment advisers — offering firms a valuable window to reassess compliance plans and operational readiness. While the extension provides temporary relief, regulatory momentum remains strong.
As Baker Tilly’s Ashley Farrell shared in comments originally published by Barron's, this pause is unlikely to lead to a full rollback. The underlying concerns, particularly around illicit finance risks involving foreign actors, have kept investment advisors under sustained regulatory focus for over two decades.
Read the republished story in The Wealth Advisor
Featured services
Financial Services
The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.
Financial Crimes Solutions
Protect your organization, your customers, your community and the global economy. Bringing together BSA/AML/KYC/CFT solutions and investigative experience to strengthen your control Safeguard your organization, customers and reputation by leveraging our anti-money laundering (AML), know-your-customer (KYC) and sanctions solutions. With years of investigative experience, our specialists can help you build a resilient control environment that proactively prevents, detects and responds to financial crimes, reducing regulatory risk and enhancing trust at every level.
Risk Advisory
Baker Tilly addresses the full spectrum of risk, governance and compliance considerations in the context of industry, operations and culture.
Banking & Capital Markets
Specialized accounting, tax, compliance and advisory solutions tailored to capital markets, including banks, credit unions, mortgage lenders, specialty finance and more. Our bank consulting services empower you to navigate today’s dynamic financial services landscape with confidence and precision.
Bank Compliance
Baker Tilly’s Compliance+ suite of services enables financial institutions to streamline regulatory processes, eliminate inefficiencies and achieve compliance with BSA, AML, CECL, ALM and cybersecurity solutions.
Fintech
Financial and operational solutions from startup to maturity