ANTI-MONEY LAUNDERING
As with our fund administration and accounting services, Nottingham’s information technology team has designed highly intuitive, proprietary AML systems that provide continuous, comprehensive monitoring as well as human oversight in order to ensure our clients that their funds meet compliance regulations.
Our AML procedures couple the results of OFAC and FinCEN scanning with collected data from independent ID verification resources. Nottingham’s shareholder representatives upload the various resources into our systems, to be merged and stored in a central repository. The reports generated are then personally reviewed and compared on a daily basis, making compliance review extensive and a valuable added benefit for our fund advisors.
Nottingham's AML supervisors:
- Manage and supervise day-to-day compliance with reporting and recordkeeping requirements
- Keep our clients apprised of changes in laws, regulations, administrative rulings and Treasury interpretations, adopting compliance procedures to conform to these changes
- Coordinate the policies and procedures on handling suspicious transactions, including evaluating referrals with Fund Counsel or the Fund’s AML Compliance Officer, as well as communications with appropriate government agencies
- Ensure complete employee understanding of reporting and recordkeeping requirements, money laundering awareness and policies and procedures for handling suspicious transactions
- Monitor internal and external audit results for any compliance problems or deficiencies