Laying down the money laundering law

The Patriot Act passed in the US last year to combat money laundering is adding to the compliance headaches of the European hedge industry

Rules designed to tackle money laundering introduced in the US last October are hitting Europe's hedge fund industry and are already having ramifications for fund service providers and private banks that invest in alternative investment products.

Nigel Morris-Cotterill, anti-money-laundering strategist at Silkscreen Consulting, says the US Patriot Act is exerting a major but indirect influence on hedge funds, using US-based banks as a pressure point to elicit more information from the hedge funds

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here