tailieunhanh - Wolfsberg Statement - Anti-Money Laundering Guidance For Mutual Funds And Other Pooled Investment Vehicles

Market conditions have never been better for setting up a forex fund. The number of forex funds and corresponding investors has grown as a result of expanding customer markets. Therefore, traders interested in starting a forex fund (or managing customer accounts) should familiarize themselves with the legal landscape as they consider earning a living in this profitable retail industry. An experienced and disciplined forex fund manager can earn a substantial income. Most forex funds to which we provide services are small. We often encounter people who have been trading accounts for others "under the table" and now. | . . the Wolfsberg Group Wolfsberg Statement - Anti-Money Laundering Guidance for Mutual Funds and Other Pooled Investment Vehicles Preamble The continuing threat of money laundering is most effectively managed by understanding and addressing the potential money laundering risk associated with customers and their transactions. The Wolfsberg Group1 has developed this Guidance to assist mutual funds and other pooled investment vehicles together referred to in this Guidance as Pooled Vehicles PV or PVs to manage their money laundering risk. Investors in many jurisdictions invest in PVs to seek professional management diversification and access to investment opportunities that might otherwise not be available. PVs include unit investment trusts hedge funds private equity funds and funds-of-funds. They vary greatly in the legal forms they take . corporations trusts partnerships or contract the investment objectives they pursue the jurisdictions in which they are organized the level of regulation to which they are subject the type of investor they solicit and the manner in which their shares units or interests collectively referred to in this Guidance as Shares are distributed. Given the variety of PVs and the different levels of money laundering risk PVs should develop and tailor their anti-money laundering AML policies and procedures to address the particular risks of their business. It should be understood that this Guidance is not intended to discourage PVs from engaging in activities that may be perceived to be higher risk. Rather this Guidance sets out relevant considerations for PVs to consider in identifying and dealing with situations entailing different levels of money laundering risk. This Guidance does not supersede applicable laws and regulations where they are more stringent. It is the responsibility of the PV s management . directors trustees or partners to establish implement and monitor the operation of an appropriate AML program. This Guidance may