ACA Compliance Group (ACA) recently completed its 2016 Alternative Fund Manager Compliance Survey, covering a number of top-of-mind issues facing the managers of hedge funds and more illiquid private funds. The survey’s findings were described in a recent webinar by ACA’s Danielle Joseph, a senior principal consultant, and Brian Lattanzio, a senior compliance analyst and private equity associate. This article, the first in a two-part series, examines the survey’s findings with respect to recent SEC examination experiences; compliance staffing and budgeting; compliance reviews, testing and training; and anti-money laundering and sanctions compliance. The second article will summarize the survey’s findings and speakers’ insights concerning custody; fees; safeguarding assets; and personal trading. For our two-part coverage of ACA’s 2015 compliance survey, see: “SEC Exams, MNPI and Restricted Lists” (Oct. 1, 2015); and “Expert Networks, Fund Expenses and Electronic Communications” (Oct. 8, 2015). For coverage of prior ACA surveys, see “SEC Exams, CCOs, Compliance Reviews, Custody, Fees and Personal Trading” (Dec. 11, 2014); “Current Hedge Fund Practices on Marketing, Trading, Counterparties and Valuation” (Jun. 13, 2014); and “Benchmarking of Private Fund Manager Compliance Practices (Part One of Two)” (Oct. 3, 2013).
Jan. 19, 2017
ACA 2016 Compliance Survey Covers SEC Exams; Compliance Staffing and Budgeting; Annual and Ongoing Compliance Reviews; and AML/Sanctions Compliance (Part One of Two)
- Vincent PitaroHedge Fund Law Report
To read the full article
Other Anti-Money Laundering Articles
Sep. 28, 2023
SEC Risk Alert Highlights Continuing Broker-Dealer AML Shortcomings
Dec. 8, 2022
DOJ Report Details Its Approach to Law Enforcement Involving Digital Assets
Jul. 21, 2022
Navigating the Intersection of Digital Assets and AML
Mar. 24, 2022
AML Compliance Officers May Be Held Personally Responsible for AML Program Failures
Feb. 10, 2022
ALFI Seminar Examines ESG and AML Developments in the E.U.