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In the third episode of AML Uncovered, host Mark Mangion sits down with Sadrack Belony, Head of Investor Services at Aztec Group, a leading provider of fund administration. Together, they break down the new SEC and FinCEN AML rules and what fund managers need to do before the January 1, 2026 deadline. They explore key challenges, including retroactive KYC, AML policy implementation, and the role of technology in compliance. Sadrack also shares insights from heavily regulated jurisdictions like Luxembourg and the UK, offering a valuable perspective on what’s ahead for US fund managers.
Topics covered include:
[02:35] Overview of FinCEN’s new AML rules, who they apply to, and why fund managers, RIAs, and exempt reporting advisors must comply before the January 1, 2026 deadline.
[08:18] Deep dive into retroactive KYC requirements, the challenges of going back to existing investors for verification, and how fund managers can prepare to avoid investor pushback.
[17:48] Discussion on the role of AML officers, risk-based policies, and transaction monitoring, including how the SEC and FinCEN will enforce compliance through audits and examinations.
[23:29] Insights on how subject matter experts like Aztec and Passthrough are leveraging technology to make implementing the new rules a smoother, more efficient process.
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