• Published
    • May 29, 2019

Upcoming Webinar to Explore Best Practices for AML Compliance by Private Fund Managers

Developing robust controls to monitor for and prevent money laundering can pose a challenge to private fund managers. Although the Financial Crimes Enforcement Network (FinCEN) has yet to adopt a final rule requiring SEC-registered investment advisers to adopt anti-money laundering (AML) programs and report suspicious activity to FinCEN, the private funds that they manage that are formed outside of the U.S. are often subject to local AML regulations. Additionally, the adoption and implementation of controls to monitor for and prevent money laundering is viewed as a best business practice.

In an effort to assist private fund managers in developing robust AML programs, the Anti-Corruption Report's sister product – the Hedge Fund Law Report – is hosting a complimentary webinar, entitled “Best Practices for Private Fund Managers’ AML Programs,” on Thursday, May 30, 2019, at 11:00 a.m. EDT. In addition to discussing the key components of a robust AML program, the program will provide a comprehensive discussion and update regarding a number of AML-related issues, including:

  • the current U.S. AML regulatory framework, including an update on the 2015 rule proposed by FinCEN that would require SEC-registered investment advisers to establish AML programs and report suspicious activity to FinCEN;
  • the Cayman Islands Anti-Money Laundering Regulations that came into effect in 2018;
  • the SEC’s approach to reviewing a private fund manager’s AML program during a regulatory examination; and
  • key considerations when delegating certain aspects of an AML program to a third party, such as a fund’s administrator.

The webinar will be moderated by Kara Bingham, Senior Editor of the Hedge Fund Law Report, and will feature Seetha Ramachandran, partner at Proskauer and former Deputy Chief in the Asset Forfeiture and Money Laundering Section at the DOJ’s Criminal Division; Lucy Frew, partner at Walkers and head of the firm’s global regulatory and risk advisory group; and Sarah Curran, director at Promontory Financial Group and former member of the SEC’s Private Funds Unit.

To register for the webinar, click here.