We’re pleased to announce the latest publication in ACAMS Today, focusing on the anticipated regulatory shifts in AML/CTF for investment funds in the United States.
🔍 Summary of Key Points: As AML/CTF regulations tighten globally, U.S. investment funds may soon face new compliance requirements. The article explores the upcoming changes and their implications for fund managers and compliance professionals:
- Increased Scrutiny on Investment Funds: Historically, investment funds in the U.S. have had relatively fewer AML/CTF obligations compared to other financial institutions. However, regulatory authorities are now signaling potential changes to close this gap.
- Regulatory Proposals and Expectations: Proposed regulations could bring investment funds under the AML Act’s umbrella, mandating stricter due diligence, risk assessments, and suspicious activity reporting (SAR) practices.
- Implications for Fund Managers: With heightened expectations, fund managers may need to implement more robust AML/CTF frameworks, invest in compliance technology, and reassess existing due diligence practices to stay compliant.
Jennifer Hanley-Giersch, Managing Partner at Berlin Risk Advisors GmbH and ALL AML GmbH as well as founding member and Board member of the ACAMS chapter in Germany shed a light on the topic on ACAMS Today.
👉 Read the full article here: Investment Funds and AML/CTF: U.S. Regulation is on the Horizon