A professional or entity managing investment portfolios or funds on behalf of clients. They typically handle asset allocation, buy and sell activities, and investment strategy execution.
Main/
Asset Manager
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Code
AT0087
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Name
Asset Manager
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Version
1.0
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Category
Professional Services & Advisors
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Created
2025-03-12
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Modified
2025-04-02
Related Techniques
Asset managers are relied upon, knowingly or unwittingly, to open segregated or offshore portfolio accounts for large deposits.
- They facilitate rapid reinvestments or inter-account transfers, multiplying transactions and hindering transaction monitoring.
- This role complicates financial institution oversight, as beneficial ownership and the source of funds are more easily obscured.
Asset managers, effectively acting as fund managers, may be complicit or coerced into:
- Falsifying fund returns and inflating performance metrics.
- Obscuring investor identities or beneficial owners to disguise the origin of capital.
Their involvement complicates financial institutions’ due diligence and transaction monitoring, as distorted fund data and investor records undermine standard KYC and AML assessments.