August 11, 2015

Ed Wilson quoted in Wall Street Journal on new money laundering rules

1 min

Venable partner Ed Wilson was quoted in an August 11, 2015 Wall Street Journal article on the uncertain impact of new approved money laundering rules. The rules, approved by the White House last week, apply current anti-money laundering requirements to money managers with $150 million or more in assets.

Commenting on the impact of the new rules, Wilson said there is a risk that they could "hit a lot of entities that are pretty independent right now." He added that suspicious activity reports could be a pain for firms that have not had to file them in the past.