This year’s most pressing compliance issues concern deployment of artificial intelligence and predictive analytics (together, AI) and anti-money laundering (AML) requirements, according to the 2025 Investment Management Compliance Testing Survey conducted by ACA Group in collaboration with the Investment Adviser Association and Yuter Compliance Consulting. AI and AML have displaced marketing and electronic communications as top concerns. This year’s study covered compliance program staffing, testing and budgets; examination experience; AI deployment; AML programs; performance advertising; books and records; electronic document delivery; electronic communications; cybersecurity; digital assets; and whistleblower protections. This article distills the survey’s findings. See “ACA Compliance Testing Survey: Electronic Communications Displace Marketing As Top Concern” (Jan. 30, 2025).