Financial Crime Financial Crime

Money-laundering loopholes for investment advisers to private equity, hedge funds to be addressed in US Treasury review

By Neil Roland
  • 07 Dec 2021 12:26
  • 07 Dec 2021 12:26
The Biden administration signaled its intent to crack down on money-laundering loopholes for investment advisers to hedge funds, private equity firms and trusts for high-end customers.
The US Treasury Department plans to examine an Obama-era proposal that would have required these advisers to set up anti-money-laundering programs and file suspicious

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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