AML for small fund managers: practical scope?

asked by u/nelson_amanda · 1d · 2 answers

Been diving into AML requirements, and while the big picture is clear for major institutions, I'm trying to get a handle on the practical scope for smaller, say, sub-$50M AUM fund managers. We're talking limited partners, often known to us. Are folks in that situation typically looking at full-blown dedicated AML officers, or does it usually get folded into a broader compliance role, maybe with outsourced support for the heavy lifting? Just trying to gauge what's realistic without going overboard, or worse, underboard.

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  • u/marcus_fx· 1 pts· 1d

    For sub-$50M AUM, a dedicated AML officer is rare. It usually falls under a broader compliance role, often outsourced or handled by a senior partner with compliance responsibilities.

  • u/felix_a· 1 pts· 1d

    For sub-$50M, a dedicated AML officer is overkill. It's almost always folded into a broader compliance role, often outsourced or handled by someone with other responsibilities. You're not trying to catch international money launderers, just ensure you're not negligent.

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