At K2 Integrity, we understand the complexities asset managers face in adhering to evolving regulatory requirements, particularly under the Financial Crimes Enforcement Network’s (FinCEN) Investment Adviser AML Program Final Rule. This rule designates certain investment advisers as “financial institutions” under the Bank Secrecy Act, imposing anti-money laundering (AML) and countering the financing of terrorism (CFT) obligations. Compliance necessitates robust know-your-customer (KYC) processes to ensure thorough investor due diligence; along with many other AML/CFT program requirements.
To support asset managers in meeting these challenges, K2 Integrity has partnered with Sonata One, the private funds clearinghouse. Sonata One connects more than 53,000 investors with 6,500 funds globally, offering a seamless experience across the fund lifecycle. Central to their platform is a globally compliant, ‘one-and-done’, investment passport, providing efficient and standardized investor verification.
Through this collaboration, K2 Integrity integrates Sonata One’s technology-driven private markets investor onboarding and ongoing due diligence solution into our advisory services. This integration empowers asset managers to implement effective KYC measures that align with FinCEN’s requirements. By leveraging Sonata One’s platform, asset managers can:
K2 Integrity’s role encompasses assessing your firm’s specific needs, recommending tailored strategies, and facilitating the integration of Sonata One’s solutions into your operations. Our combined expertise ensures that your firm not only complies with current regulations but also adopts best practices in investor due diligence.
Navigating the complexities of AML/CFT regulations requires a strategic approach and the right tools. K2 Integrity, in partnership with Sonata One, offers asset managers a comprehensive solution to meet KYC obligations efficiently. By choosing to work with us, you gain access to innovative technology and seasoned advisory services, positioning your firm for compliance and success in today’s regulatory landscape.
For more information on how K2 Integrity and Sonata One can assist your firm in implementing effective KYC solutions, please contact us.
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