Private Equity Firms Face Increased Regulatory Scrutiny

Do you have the resources to review and upgrade your AML systems and controls?

With increased reporting of criminal investigations and case outcomes related to planned or reported laundering operations, the Private Equity sector is under the regulatory spotlight.  

It was recently reported by the US Federal Bureau of Investigation (FBI) that firms in the Private Investment Funds industry are being used for laundering money at scale, according to a leaked intelligence bulletin prepared by the agency back in May. This leaked document reported cases from within the US, the Cayman Islands, Luxembourg, Mexico, Russia, and the UK.  

The UK Financial Conduct Authority’s (FCA) recent announcements indicate that Private Equity firms will see increased regulatory scrutiny. 

In relation to money laundering Private Equity firms with links to the UK face two key risks, these are within Fundraising and Transactional activities, these risks may give rise to criminal and or regulatory issues.  

In response Private Equity (and similar) firms will need to review and enhance their Anti-Money Laundering (AML) systems and controls. This may require increased hiring of permanent and interim resources to support this activity. 

As a leading supplier of compliance personnel to the financial services industry globally, we are extremely well-placed to find you the best permanent and interim candidates. 

If you would like to discuss you hiring needs, or a recent track record of our work conducted, please contact:

Ed Wacher (permanent)
Tel: +44 (0) 20 3889 5756
Email: ewacher@danosassociates.com

Katherine Lord (interim)
Tel: +44 (0) 207 010 1153
Email: klord@danosconsulting.com