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Wealth Management Firm

Organizations providing specialized financial and investment services, such as portfolio management, estate planning, and trust administration, often catering to clients with significant assets and operating in multiple jurisdictions.

[
Code
AT0084
]
[
Name
Wealth Management Firm
]
[
Version
1.0
]
[
Category
Financial Institutions & Service Providers
]
[
Created
2025-03-12
]
[
Modified
2025-04-02
]

Related Techniques

T0061
|
Investment in Financial Instruments
|

Criminals exploit wealth management firms, which may knowingly or unknowingly assist by:

  • Accepting large illicit deposits into high-value portfolios that mix unlawful and legitimate funds.
  • Leveraging private banking arrangements with limited disclosure obligations.
  • Spreading assets across multiple jurisdictions, impeding financial institutions’ customer due diligence.

These specialized offerings often bypass standard AML controls, allowing illicit operators to present funds as legitimate investments or capital gains.