The red flags of foreign investment—purposeful obfuscation and lack of a legitimate business purpose—are prominent in today’s media. Advisors of lower-market private equity funds must find the cacopho…
How Small-Fund Advisors Can Mitigate Money-Laundering Risks
In Brief
- How do advisors to lower-market funds protect themselves against money laundering in the absence of an AML program requirement?
- Beyond a “know-your-investor” policy, more substantial policies and procedures may be warranted to avoid becoming an unwitting accomplice to money-laundering activities.
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