Anti‐money laundering (AML) requirements for investment companies emerge as compliance deadlines approach

Abstract

Money laundering is not a new issue for investment companies. Funds have been subject to currency transaction reporting for years, and many fund complexes were already taking additional steps to protect themselves against money laundering prior to the events of September 11, 2001. The enactment of the USA PATRIOT Act in October 2001 has resulted in new compliance requirements for fund complexes.

Citation

Abel, A. (2002), "Anti‐money laundering (AML) requirements for investment companies emerge as compliance deadlines approach", Journal of Investment Compliance, Vol. 3 No. 2, pp. 26-30. https://doi.org/10.1108/joic.2002.3.2.26