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As a hedge fund manager, your risk management skills
are tested every day in the marketplace. Increasingly,
these skills are also challenged by federal and state
examiners, the SEC, CFTC and law enforcement in an attempt
to protect investors and potential investors.
Hedge funds today face a range of financial and non-financial
risks that must be managed. CRI addresses these risks
by providing in-depth market intelligence, anti-money
laundering consulting and fund-manager due diligence
services.
Since 1991, CRI has safeguarded the
interests of financial services firms in their relationships
with hedge funds, including prime brokerage and fund-of-fund
activities.
Compliance Consulting
Increasingly, sophisticated hedge funds require highly
specialized expertise in the areas of compliance. CRI
is able to provide exactly the skills you need without
the large fixed overhead costs associated with building
your own compliance staff. CRI consultants develop
policy, draft procedures, prepare your team for the
SEC of other government regulators, and provide specialized,
detailed compliance training designed for your people
and your risks.
Anti-Money Laundering
The USA PATRIOT Act of 2001 and its enabling regulation
will subject hedge funds to regulations similar to
those governing banks and other financial institutions.
Under the USA PATRIOT Act, hedge funds will be required
to develop internal policies, procedures and controls
that identify and prevent money-laundering (AML) activities.
Hedge funds will also have to conduct antifraud training,
designate a compliance officer and implement an independent
audit program. CRI provides clients with a comprehensive
program that includes a thorough risk assessment, AML
compliance consulting, and AML intelligence services.
Hedge Fund Compliance with OFAC and List-Checking Rules
US and UK-chartered firms are required to consult government-maintained
lists of suspected drug dealers, narcotics traffickers,
terrorists, and other undesirable clients prior to
booking an investment or making a disbursement. US
law (Office of Foreign Assets Control, or OFAC) requires
client screening and transactional filters so that
the fund cannot process investments, disbursements
or other transactions with several categories of prohibited
client (residents of Cuba, Iran, North Korea). UK law,
as well as that of many other developed economies,
also requires regular screening and list checking.
CRI can perform these monitoring services for you in
real-time, 24/7 using our proprietary software systems.
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Services
Offered