Ama Adams Weighs in on AML Rules for Funds in WSJ Pro PE Article

In The Wall Street Journal’s Pro PE, litigation & enforcement partner Ama Adams discusses a proposed expansion of anti-money-laundering rules for private funds. Although the Bank Secrecy Act and Patriot Act do not apply to private equity, many firms already have procedures in place to comply with them. “It’s difficult to say if this administration is going to pick up where the Obama administration left this 2015 rule,” Ama said in the article. “But even though the rule remains on the shelf, many private-equity firms and hedge funds are incorporating AML policies and procedures. It’s not as if the industry is turning a blind eye to these risks.”