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.
KYC at Scale: How U.S. Fintechs Can Stay Compliant Without Sacrificing Growth
KYC doesn’t have to slow your growth. Discover how U.S. fintechs use iComply to automate verification, protect data, and meet regulatory expectations—all while improving sign-up rates.
How EU VASPs Can Comply with the FATF Travel Rule Using KYT & Edge-Based KYC
EU VASPs face strict Travel Rule enforcement in 2025. This guide explains how to meet MiCA and FATF requirements using iComply’s KYT and KYC tools—without compromising user experience or privacy.
One Month to Go: Preparing for the UK’s Mandatory Director and PSC Identity Verification
With the UK’s mandatory identity verification for company directors and Persons with Significant Control (PSCs) set to commence in autumn 2025, businesses have one month left to prepare. This article outlines the upcoming requirements, potential consequences of non-compliance, and how to ensure readiness.
