Notes

AML and Financial Crimes, they are two very different things. One is an accountant and the other a financial crime consultant. So what does this have to do with investment adviser financial services? Quite a bit, as you will see when you read the next few paragraphs.
If financial crime consultants are a financial advisor, then you may have come across AML and FCA. But are you aware that AML and FCA are one and the same? They are not the same, though they may sound similar. For instance FCA stands for "anti-money laundering and counterfeiting act". In the United States AML stands for "anti-money laundering and financial crime".

Now if you are an investment adviser, then you should know that AML and FCA along with your company's AML or your personal AML and FCA compliance can help protect you and your investment. When you are handling investments for others, whether personally or via an investment advisor, you need to have an AML and FCA policy in place. This will help ensure that if there is a financial crime, or any fraud at all, your company's and personal AML and FCA policies will cover it appropriately and keep you out of legal trouble for it. You need to understand that if you work with high net worth clients, you need to be especially careful. This is because large sums of money are routinely invested by these types of individuals, and if your investment adviser fails to follow your AML and FCA policies then you could be in serious trouble.

Therefore, if you find yourself in charge of managing investments for another individual or firm, you need to make sure you are knowledgeable about AML, and FCA as well as the laws that they enforce. If you are handling funds for your client's accounts, you need to be especially careful about how you manage them, especially those accounts that are managed directly by your investment adviser, unless you have an AML and FCA policy in place covering such transactions. If you do not follow their policies, then you could find yourself in legal trouble if something were to happen.

Another way that AML and FCA can help you is that if there was an investment fraud, or any other type of financial crime, your investment adviser financial services company could help you pursue the perpetrators. Your investment adviser can help you deal with your stockbroker, your investment adviser, and even the person who masterminded the fraud. Many people end up losing their life savings, or even going to jail for investing fraudulently. For this reason, having an AML and FCA policy on your investment adviser's business cards is essential. As you know, the mere mention of these two words can cause so much harm to many business owners who merely wanted to ensure their business was doing well. Therefore, it is important to make sure that any investment adviser that you have chosen to have such a policy on his business cards.

The AML and FCA policies that are put into place actually work to deter financial crime in the United States. By making it harder for criminals to be able to run financial schemes, or to do anything that would break the law, we are able to make our financial system a safer place to live. In fact, many business owners who choose to use investment adviser financial services choose to use AML and FCA policies on all of their advisers, rather than hiring someone that is untrained to handle their finances. The truth is that there is only so much that a business owner can do to try to stop an illegal act, whether it is done in the United States or abroad. However, if you have an AML and FCA policy on your adviser, then you will be better placed to make sure that everything goes smoothly, and that your investment adviser's business is running legally and legitimately.
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