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White Paper: AML and alternatives funds – 

How an external custodian can help managers stay one step ahead
June 2024
White paper report

20 June 2024 - Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations are continually evolving across the world, becoming more onerous for in-house operations teams at asset allocators.

During the past five years alone, there have been hundreds of material changes globally when it comes to AML/KYC requirements as governments look to crack down on money laundering.

Many of these requirements are centred on alternative asset managers and the wider asset management universe, with both firmly in scope to play a central role in helping to enact anti-money laundering policies.

As a multi-jurisdiction custodian to funds of hedge and private equity funds, the Citco group of companies (Citco) has years of experience handling AML requirements for thousands of underlying funds to ensure trades are settled before deadlines. Over 90% of fund clients also use Citco as their custodian due to our systematic solutions and knowledge of local regulation, AML, and KYC across an array of jurisdictions.

In a new report, Citco analyses trends in regulation, looks in more detail at some of the existing and upcoming AML challenges facing allocators, and explores how an external custodian can help via technology, solutions, processes and people.

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