Anti-Money Laundering Content

The Investment Company Institute submitted a letter SEC Chair Gensler, requesting that the SEC suspend the compliance dates for certain recent regulatory actions, halt work on not-yet-finalized rulemaking, and extend soon-to-expire relief that would have a significant impact on...

The Investment Company Institute submitted a letter FinCEN to request a delay to the compliance date for the AML/CFT program and suspicious activity Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Reporting Filing Requirements for Registered...

The e Investment Company Institute submitted a letter to the Financial Crimes Enforcement Network proposed amendments that would enhance anti-money laundering/countering the financing of terrorism program requirements for financial institutions already subject to AML/CFT requirements...

The undersigned asset and fund management associations, on behalf of our respective members, would like to share with SEBI the issues and challenges that we have with SEBI’s recent directions for Foreign Portfolio Investors (“FPIs”) in relation to disclosures of the details of their...

Focus on Funds Funds Step Up Fight Against Elder Abuse and Fraud The global coronavirus pandemic has made some fund investors more vulnerable to fraudsters. In the June 19, 2020, edition of Focus on Funds, ICI Senior Director of Operations and Transfer Agency Joanne Kane details the...

Focus on Funds Elder Abuse and Exploitation a Growing Industry Concern ICI is teaming up with regulators and members to fight financial exploitation involving older investors with mutual fund accounts. In the January 5, 2018, edition of Focus on Funds, ICI Associate General Counsel...