Treasury's FinCEN Will 'Revisit' Anti-Money Laundering Rule for Investment Advisers
Private investment advisers have served as an entry point into U.S. markets for foreign investors using illicit finance associated with fraud, tax evasion and corruption, according to a 2024 Treasury Department report. Investors from Russia and China have invested through venture capital firms in particular to obscure ownership of U.S. assets, the report stated.

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