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Private funds AML

AML software for private funds

Build the investor file RIAs and ERAs will need before January 2028: identity, UBO, sanctions screening and a timestamped audit trail, without a bank AML suite.

Who this is for

Private-fund GPs, registered investment advisers, exempt reporting advisers and fund administrators who need an investor AML file that will stand up when the US investment adviser AML rule is in force, without buying a bank-style monitoring suite.

If LP KYC is still email, a spreadsheet, and a name pasted into a screening site, this is the product view of that problem. The calendar and programme read is the investment adviser AML rule 2028 article. Exam-file hygiene is in SEC AML exam readiness. Fund KYC as a buying category is on KYC software for investment funds.

What the 2028 window is for

FinCEN moved the effective date of the Investment Adviser AML Rule to 1 January 2028. The delay changed the calendar, not the destination: covered advisers are still headed toward written, risk-based AML programmes, SARs, recordkeeping, and investor files they can produce.

OFAC sanctions obligations already apply. LP side letters already ask how you screen. A two-year delay is time to make the file work, not time to wait.

This page is not legal advice and does not claim VeriKYC is an AML programme on its own. Policy, SAR judgement and examiner-facing narrative stay with your firm. The platform produces the identity, screening, ownership and timestamped evidence that programme has to sit on.

What the investor file should contain

  • Government-issued ID and document authenticity checks against official databases
  • Biometric liveness matching so a photograph or a deepfake does not satisfy the check
  • Sanctions, PEP and adverse-media screening of the investor and, where relevant, controllers
  • Ultimate beneficial ownership mapping for entity LPs, trusts and feeders
  • A timestamped audit trail covering every decision and re-check

VeriKYC runs that sequence in one guided flow, without an engineering team wiring an identity SDK to a separate screening vendor.

Screening with LSEG World-Check

VeriKYC screening is powered by LSEG World-Check, the London Stock Exchange Group's risk intelligence database. It aggregates information from more than 100,000 credible sources and is used by over 300 global financial institutions.

A lean RIA or emerging manager can run that screening without a World-Check One sales cycle. World-Check screening is included in VeriKYC processes that require advanced KYC/AML verification. Enhanced reports and continuous monitoring are priced before activation. The full screening page is LSEG World-Check in VeriKYC.

Next step

Run the KYC efficiency assessment if you want a two-minute read on cost, delay and gaps, or contact the team to walk through an investor file against your current process.