9/26/17 - Hedge Funds Face New Scrutiny over Financial-Crime Risks
Home > News & Insights > Insights & Publications

9/26/17 - Hedge Funds Face New Scrutiny over Financial-Crime Risks

Regulators and law-enforcement agencies in the U.S. and around the globe are starting to focus on hedge funds as potential vehicles for criminals to launder money. Firms act at their own risk if they turn a blind eye to the problem, and it may be a matter of time before authorities develop a significant financial-crime case against a fund firm — which could incur large civil penalties, criminal indictment, reputational harm, and investor flight as a result.

Please click "Read More" below to read a Sightlines InFocus by Elizabeth A. Bethoney that describes how firms can perform both broad and focused assessments of their financial-crime controls, as well as adopt specific measures to strengthen their customer due diligence, to minimize regulatory risk and maintain the confidence of their clients and financial partners.

Read More...