Fund managers can be overwhelmed by the level of due diligence required to manage funds and stay in compliance. The process can be time-consuming and highly complex with dangerous pitfalls at every turn. We understand the vital need for an expert administrator who not only understands the legal requirements but can effectively obtain the necessary documentation and information from investors and process it expediently. With connections to a vast network of compliance officers and legal experts in all major jurisdictions, we offer added value in the form of seamless delivery of global compliance setup and execution. Our regional and global specialists follow KYC protocol and screen for AML globally. The entire process is highly choreographed and centrally coordinated in a local office. With a dedicated Dominion Wealth Management team of experts who have taken the time to know our clients and their complex needs, this intersection of knowledge, expertise, and experience truly creates a centrally organized, structured, and efficient service, customized to our investor’s sophisticated requirements.

Typically, fund managers and financial institutions will report the tedious implications of FATCA and the encumbering effect this compliance issue can have on business. FATCA compliance is a weighted issue and an enormous responsibility to manage. Failure to comply and uphold FATCA rules can result in a 30% withholding tax on payments of US income. The Common Reporting Standard (CRS) was born of necessity and derived from FATCA. It is officially known as the Standard for Automatic Exchange of Financial Account Information. The CRS is a global entity designed to facilitate the automatic transfer of financial information to prevent tax avoidance and evasion. As of 2018, all financial institutions in around 100+ countries are regulated under this governing body and subject to reporting under the CRS. With this highly complex reporting universe, fund managers need to fully understand the compulsory requirements, and meet these basic obligations. As such, we offer a service, to undertake all such matters related to FATCA and CRS. We do the heavy-lifting so our clients can focus on what they are doing best – building their wealth. We intervene to ensure the process is facilitated and effective so our clients stay in compliance at all times.

For those clients who require an EU-based Alternative Investment fund management, they will be subject to the Alternative Investment Fund Managers Directive (AIFMD). This is European legislation designed to protect investors and guarantee transparency. Under the mandates of Annex IV of the AIFMD, all authorized and registered fund managers must report transparency information on their funds to local assigned regulators and for each country, market, and/or conducted business therein. Due to the multi-level reporting involved, the process can be laborious and complex. Reporting requirements differ for each jurisdiction and are based on the underlying nature of the fund. Any mishandling or erroneous completion of these compliance requirements can result in serious consequences. Therefore, we will step in and guide managers in fully determining the extent of their obligations and preparing per mandates. As a fund administrator with a presence in Asia and Latin America, we have an expert team and advisers ready to ensure the fund is fully protected against errors and stays in compliance so that managers can focus on managing investments. We have a unique understanding with deep-rooted experience in the sector. Specifically, we specialize in private equity, real estate, and debt funds.