FBI Concerned About Money Laundering Risks in Private Equity Transactions
Leaked report highlights FBI’s growing attention towards private sector AML risks with advice for corporations to ensure proper due diligence
What Happened?
July 14, 2020: The $10-trillion private equity market in the U.S. is facing additional scrutiny as a vehicle for money laundering, according to the intelligence bulletin reported having been leaked from the FBI.
The document suggests that private investment funds lack adequate anti-money laundering programs and calls on regulators to enhance their screening efforts of the industry.
Who Is Impacted?
Private capital markets firms, investment funds, and equity firms, as well as their law firms and due diligence providers.
Why This Matters?
As the power and size of private capital markets increased, experts are expecting regulators to pay closer attention to corporate mergers and acquisitions transactions, angel investments, and private equity markets.
What’s Next?
While no public action has been taken by regulators, private capital markets continue to operate with little-to-no KYC friction. The leaked FBI document demonstrates the growing trend among law enforcement agencies and financial regulators to set new standards of AML compliance for all verticals of private capital markets.
learn more
Is your AML compliance too expensive, time-consuming, or ineffective?
iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience.
Request a demo today.
Looking Back on Blockchain and Token Offerings in 2017
As the world’s tech and financial sectors continue to dramatically transform, 2017 will be remembered as a major turning point for global financial markets. While some naysayers claim that blockchain has yet to provide any practical value, a brief look back over the...
Top 3 Blockchain Startups to Watch in 2018 – Bitcoin Market Journal
iComplyICO was featured today in Bitcoin Market Journal for our work in regulatory compliance, with CEO Matthew Unger stating that, unlike many ICO issuers in 2017, issuers in 2018 will be focused on prioritizing regulation, compliance and due diligence. Top 3 ICOs...
Top 5 Tips For New Bitcoin Investors – MSN Money
Featured in MSN Money and Forbes, CEO and Founder Matthew Unger shares words of wisdom with new Bitcoin investors on how to keep their investment secure. Top 5 Tips For New Bitcoin Investors – MSN Money/Forbes Author: Charles BovairdNew Bitcoin investors have several...
