Family Offices Under Scrutiny: Navigating the Complexities of AML Compliance
Family Offices Under Scrutiny: Navigating the Complexities of AML Compliance In an ever-evolving financial landscape, family offices—private wealth management advisory firms that serve ultra-high-net-worth individuals—are facing increased scrutiny from regulators, particularly concerning Anti-Money Laundering (AML) compliance. Traditionally, family offices maintained a low profile, focusing on wealth preservation, investment management, and legacy planning for affluent families.…
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