Balancing Anti-Money Laundering Regulations: Industry Pushback and Concerns

The U.S. Treasury Department proposed broadening anti-money laundering rules to include investment advisers and real-estate professionals. While supportive, many in these industries seek narrow implementation and shifting screening responsibilities. Critics argue against costly and duplicative regulations, suggesting limited evidence of systemic issues. Proposed regulations face industry pushback, especially regarding compliance costs and shifting responsibilities. The debate highlights tensions between regulatory effectiveness and industry burden. If you want more information, you can follow the link below.