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By Francesco SEVERINO, LLM, MBA, RC Certified, GFR, Regulatory Compliance and AML/CFT Professional | Investment Fund Industry
In an increasingly complex geopolitical and regulatory environment, sanctions have become a central pillar of the European compliance framework. For management companies governed by the Law of 17 December 2010 relating to undertakings for collective investment and the Law of 12 July 2013 on alternative investment fund managers, both as amended and restated (each a “Management Company” and together, the “Management Companies”), sanctions compliance is no longer a mere box-ticking exercise. It is now a core governance responsibility that must be firmly embedded in the internal control and risk management framework.
With...
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