What the Law of 12 November 2004, CSSF Regulation 12-02 and Circular CSSF 18/698 require of Luxembourg funds and their managers: investor and asset due diligence, the RR and RC, reporting, and the EU AML Regulation.
Fund administrators and transfer agents run most investor onboarding, screening and monitoring, but in almost every regime the legal duty stays with the fund, its manager or its adviser. This guide sets out the three legal models for the administrator’s role, a task-by-task responsibility matrix…
The Cayman Islands Monetary Authority’s two new Rules, on an effective AML/CFT/CPF compliance programme and on sanctions compliance, took effect on 18 September 2026. This guide sets out what they add to the Anti-Money Laundering Regulations for funds, fund managers and administrators: officers, the…
A practical guide to the anti-money laundering obligations of SFC-licensed asset managers under the AMLO and the SFC Guideline: who the customer is when you manage a fund, when you may apply simplified due diligence to an investment vehicle, how reliance on administrators and distributors works, and…
MAS Notice VCC-N01 is the AML/CFT notice that binds every Singapore variable capital company (VCC), issued under section 84 of the VCC Act 2018 and in force since 14 January 2020, with the latest amendments effective 1 July 2025. Its distinctive features: every person entered in the VCC’s register…
A qualified purchaser (QP) is an individual or family company with at least US$5 million in investments, a trust whose trustee and settlors are all qualified purchasers, or another investor that owns and invests on a discretionary basis at least US$25 million, for its own account or for other qualified purchasers, as defined in section 2(a)(51) of the US Investment Company Act of 1940.
MAS Notice SFA04-N02 sets the AML/CFT obligations of every capital markets services licence holder and certain exempt persons in Singapore. The current version is dated 30 June 2025 and took effect on 1 July 2025, replacing the 2015 notice. For a fund management company the key point is that anyone…
FinCEN’s investment adviser rule makes most SEC-registered investment advisers (RIAs) and exempt reporting advisers (ERAs) “financial institutions” under the Bank Secrecy Act. They must run a risk-based AML/CFT program, file suspicious activity reports, and keep certain records. The rule was adopted…
The US accredited investor tests for individuals and entities, how funds verify status under Rule 506(c), qualified purchasers and qualified clients, and the equivalent rules in Singapore, Hong Kong, the UK and the EU.
42 AML/CFT checks mapped to MAS Notice 626, from risk assessment and customer due diligence to suspicious transaction reports, with a downloadable Excel checklist.
