Where we stand when we speak about AML/CFT for PE Funds?
#privateequity firms can offer high return and access to investment in niche markets.
Relation to the #ukraine crisis?
-Many national governments and multilateral institutions announce prohibitive and prescriptive measures taken against the Russian Government focusing on #sanctions, #illicit finance, and #enablers.
- A broad ranging set of trade and financial restrictions were implemented, plus sanctions placed on individual entities and individuals.
- High profile Russian and sanctioned Russian actors are known to have invested significant #capital in private equity funds or PE related business
What are our #recommendations:
-maintain close attention to sanctions lists and broader sanctions activities
-ensure that full KYC checks are carried out on limited partners prior to accepting any investment
-How to react if you see a hit or to perform source of capital analysis ?
It all starts with a conversation,
Let start ours and bring the change today!