Compliance Weekly Notes
Dec 29 – Jan 4 · 2026-W01
1 event this week
🧠 Feynman Takeaway
Investment advisers got a 2-year delay on AML rules — like telling a restaurant 'you don't need a fire extinguisher until 2028.'
Investment Adviser AML Rule delayed to 2028
In plain English
FinCEN pushed the compliance deadline for investment advisers from 2026 to 2028. That's like a teacher extending a homework deadline by two years — except the homework is 'build a system to catch money launderers.'
Analogy
Think of it like airport security suddenly deciding small airports don't need full-body scanners until 2028. The risk doesn't change, but the compliance clock gets reset.
Why it matters
Why it matters: This signals the US is taking a cautious, phased approach to expanding AML coverage — letting the SEC's new 23/5 trading regime and crypto rules settle before burdening RIAs.