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Point of View: Investment Management Anti-Fraud and Compliance Programs

Are you ready if the government launches an investigation?


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Investment Management Anti-Fraud

The potential risks related to financial fraud and noncompliance with anti-money laundering (AML) and anti-bribery regulations are significant for firms in the investment management sector. Even firms not subject to the AML compliance regulations can find themselves in trouble if they do not have process and controls designed to prevent and detect money laundering, which could result in prosecution, significant fines and irreparable damage to a company's reputation. Although most senior officers at private equity firms, hedge funds and mutual funds acknowledge that these risks exist, many are convinced that their organizations have taken adequate precautions to detect or prevent them. But have they?

A fraud incident relating to trading, market manipulation, financial and/or investor reporting or misappropriations, among others, can result in a significant loss of investor confidence and capital withdrawals. In worst-case scenarios, it can even create run-on-the-fund situations and can cause assets under management to substantially decline. 

In this new point of view you will learn how to take steps to:

1.  Evaluate the risk of fraud using "the fraud triangle"
2.  Incorporate leading practices for money laundering risks
3.  Understand the implications of and the risks for your business associated with the Foreign Corrupt Practices Act

Related Content
Webcast Archive:   Investment Management Anti-Fraud Programs: Are You Ready If the Government Launches an Investigation

As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see  www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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