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Anti-Money Laundering Roundtable

By Staff Writer

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NEW YORK (HedgeWorld.com)–100 Women in Hedge Funds plans to hold a roundtable discussion on the anti-money laundering programs sparked by the USA PATRIOT Act on June 19 in New York.

Program speakers include: Managed Funds Association President Jack Gaine; Lauren Teigland-Hunt of New York-based law firm Sullivan & Cromwell; Roger Coffin, a partner at auditor PricewaterhouseCoopers LLP; and Marty Brandt, vice president and general counsel for administrator Hemisphere Management Ltd.

Topics to be discussed include: the applicability of U.S. anti-money laundering rules to domestic and offshore funds; fundamental elements of anti-money laundering programs for hedge funds; know your client procedures; role and responsibilities of the fund administrator in an anti-money laundering program; and how to deal dealing with high risk investors and investments from “black-listed” countries.

Even though the Treasury Department has yet to announce the final regulations concerning hedge funds, experts on the topic of money laundering have a pretty good indication of what the regulations will be, according to Eve Teich, chair of the 100 Women in Hedge Funds program committee.

“The goal is to explain how the Patriot Act impacts the hedge fund industry and to explore how the industry and its service providers are responding,” Ms. Teich said.

A large number of women are expected to attend the event and space is limited, she added. For more information and to sign-up for the event, contact [email protected]