The SEC is widely regarded as one of the most of aggressive and, in some senses, intimidating regulators across the global private funds market. Other regulators around the world are taking notice, however, and incrementally increasing their scrutiny of local fund managers in an attempt to crack down on bad conduct. To that end, Clifford Chance recently hosted a webinar on regulatory enforcement measures in the U.S., U.K., Europe, Singapore and Hong Kong. The program was moderated by Clifford Chance partner Dorian Drew and featured fellow attorneys Celeste Koeleveld, Donna Wacker, Kabir Singh, Antonio Golino, Ellen Lake and Benjamin Berringer. This second article in a two-part series highlights regulators’ efforts in each jurisdiction in certain high-risk areas, including market manipulation; anti-money laundering; fees and expenses; conflicts of interest; and operational resiliency. The first article outlined the general regulatory trends in each jurisdiction. For coverage of recent regulatory coordination between the SEC and Europe, see “Implications of the SEC-European Central Bank MOU on Security-Based Swaps” (Oct. 14, 2021).