Tools you can use on Monday.

A practical checklist for onboarding fund investors, from identification to ongoing monitoring.

• 1. Identification and verification
• 2. Beneficial ownership
• 3. Purpose and intended nature
• 4. Screening
• 5. Risk assessment
• 6. Source of funds and wealth
• 7. Approval and follow-up

Indicators to watch on both sides of a fund: the investors who come in, and the assets and counterparties the fund deals with. One red flag is a question, not a conclusion.

• Investor side
• Asset and counterparty side

A one-page grid to document inherent risk, controls and residual risk by risk factor — for a business-wide assessment or a single relationship.

• Customers / investors
• Beneficial owners and structures
• Products and services
• Geographies
• Distribution channels
• …