The 2026 AML and KYC guide for asset managers
Drawing on Carta Law's experience running AML and KYC processes for over 200 asset managers, this guide gives GCs, CCOs, compliance teams, and deal teams a clear, jurisdiction-by-jurisdiction view of where the rules sit today—and where LP expectations have already moved beyond them.
What's inside this guide
A jurisdiction-by-jurisdiction breakdown of the 2026 AML landscape: EU, U.K., U.S., Australia, Singapore, Canada, and Japan
Plain-English explanation of SDD, CDD, and EDD—and what each level actually requires in practice
The Carta Law risk matrix for triaging due diligence decisions at onboarding
A sanctions deep-dive, including the 50% Rule trap that catches most private markets firms off guard
How to build a defensible KYC workflow for secondaries and continuation vehicles
What institutional LPs are now requiring in side letters and DDQs—and how far that exceeds the regulatory floor
Expert views from Carta Law's compliance specialists on where firms are getting it wrong
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DISCLOSURE: This publication contains general information only and neither eShares, Inc. dba Carta, Inc. (“Carta”) nor Carta Law is, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication does not give rise to any lawyer-client relationship, is not a substitute for such professional advice or services and nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. Carta does not assume any liability for reliance on the information provided herein. © 2026 eShares, Inc. dba Carta, Inc. All rights reserved. Reproduction prohibited.