Compliance Insights
Access compliance commentary from some of the industry’s leading consulting firms and attorneys. Clients can use their Schwab Advisor Center® credentials to download full white papers.
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New Anti–Money Laundering Compliance Requirements for Investment Advisers: Ten Frequently Asked Questions
A new rule finalized by the Financial Crimes Enforcement Network (FinCEN) in September 2024 imposes anti–money laundering and countering the financing of terrorism requirements on certain investment advisers. Covered advisors should start preparing now to be sure they are in compliance by the deadline on January 1, 2026.
In the latest Compliance Review from Schwab, the authors address ten FAQs, offering detailed guidance to help with compliance.
Compliance Reviews
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Navigating the Challenges of Regulation S-PThe SEC adopted Regulation S-P in 2000 to address the privacy concerns of sensitive customer data. But as technology has evolved, so have the methods used by cybercriminals to exploit vulnerabilities in data security. In light of increasing threats to customer data, the SEC has amended Regulation S-P to enhance how firms protect customer data and ensure that customers are promptly informed when data breaches occur. The amendments go into force for "larger entities" on Dec. 3, 2025, and for smaller firms on June 3, 2026.
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Regulatory focus on off-channel communications: What you need to know for your compliance program
Off-channel communications are a growing concern among investment advisors as well as regulators. As of August 2024, a myriad of firms have been charged for failure to meet recordkeeping requirements for off-channel communications, with collective penalties totaling more than $3 billion.
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Considerations for choosing the right compliance consultant for your advisory firm
Faced with growing federal and state regulations and increasing scrutiny, advisory firms need a well-developed, up-to-date compliance program to safeguard their clients, business and reputation. Many firms are turning to outside compliance consultants with specialized expertise to help navigate the increasingly complex regulatory landscape.
Read more Compliance Reviews
Read more Compliance Reviews
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