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Another essential puzzle piece is Treasury’s regulatory proposal to protect the investment adviser sector from abuse, which we also published in February. Billions of dollars belonging to Russian elites have been managed by U.S. investment advisers, bolstering Putin’s war machine in Ukraine. Chinese state actors have also used investments to quietly gain access to sensitive and emerging U.S. technologies, disadvantaging cutting-edge American innovation and weakening our economic competitiveness. Our proposal will crack down on this and other harmful behavior by, among other things, ensuring that certain investment advisers develop and maintain anti-money laundering compliance programs and take steps to detect and report suspicious activity.
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Source: U.S. Treasury Department
Speaker: Brian Nelson, Under Secretary for Terrorism and Financial Intelligence
Format: Speech
China Policy Research 