AML Compliance Working Group Content

Filter Results By
Showing Results 1 - 10 of 345
Committee

AML Compliance Working Group

The AML Compliance Working Group provides input to FinCEN and/or other regulators with respect to their AML rulemaking and other activities. Seeks guidance from regulators on AML requirements that raise particular issues for mutual funds. Serves as a forum for discussion of members’ U.S. AML and Countering Terrorist Financing (“CTF”) programs, as well as select global AML/FATF matters. Includes representatives from the legal, compliance, transfer agency and operations areas.
ICI Default BG
Memo#
35485

SEC Charges Adviser for Mutual Fund Anti-Money Laundering Violations

On September 25, 2023, the SEC's Division of Enforcement announced charges against a registered investment adviser ("Adviser") for causing mutual funds it advises ("Mutual Funds") to fail to develop and implement a reasonably designed anti-money laundering ("AML") program. The Adviser...