AML and Sanctions Compliance for Asset Managers
Asset managers are not currently subject to specific anti-money laundering (AML) monitoring or reporting obligations under the USA PATRIOT Act or Bank Secrecy Act in the same manner as banks, broker dealers, or other financial institutions are. However, other regulatory risks apply, such as broad U.S. criminal money laundering restrictions or complex U.S. economic sanctions prohibitions. In order to avoid regulatory and other AML related issues, advisers should adopt robust, risk-based policies and procedures in this area.
Join ACA for a discussion on the types of sanctions and money laundering risks assets managers face and best industry practices to mitigate those risks.
Who Should Attend?
This webcast is ideal for Anti-Money Laundering Compliance Officers (AMLCOs) at asset management firms.
Richards Kibbe & Orbe LLP is an Accredited New York State CLE Provider. This live transitional/non-transitional program has been approved for newly admitted and experienced attorneys in accordance with the requirements of the NYS Continuing Legal Education Board for 1.0 hr. Professional Practice credit.