All Questions

"Specially Designated Nationals and Blocked persons" listed on a compliance policies are generally derived from governmental watchlists - each government will have its own criteria, though these overlap to an extent. It's important to ke...

"Specially Designated Nationals and Blocked persons" listed on a compliance policies are generally derived from governmental watchlists - each government will have its own criteria, though these overlap to an extent. It's important to keep in mind that these lists are constantly evolving with a country's particular requirements as well as global events. Anti-Money Laundering and Know Your Customer systems and vendors will generally ensure that they check for such individuals in particular, and keep such lists up to date for their internal usage. Note that just because an individual is not specifically listed does not mean they are automatically clear with respect to Anti-Money Laundering. 

Your administrator typically has several tools at their disposal for situations like they above. In our case, we would ask for additional details like DOB and we would run them through a product like Parallel Markets (https://parallelmar...

Your administrator typically has several tools at their disposal for situations like they above. In our case, we would ask for additional details like DOB and we would run them through a product like Parallel Markets (https://parallelmarkets.com/) or similar. 

Generally speaking, a fund's domicile is not the same as the fund manager's (advisor's) place of business. It is very rare (I believe I have seen it once) for a fund manager to actually live/work in Delaware (thus potentially necessitati...

Generally speaking, a fund's domicile is not the same as the fund manager's (advisor's) place of business. It is very rare (I believe I have seen it once) for a fund manager to actually live/work in Delaware (thus potentially necessitating a state level filing depending on the criteria).  Emerging fund managers generally domicile in Delaware but live and conduct business in other states or countries - they typically rely on 3(c)1 and file with the SEC as an Exempt Reporting Advisor (Form ADV). When working with Decile Partners, we will coordinate with a premier partner law firm to take care of any needed regulatory filings. If you are setting up your fund independently, your law firm should take care of these for you. 

As a general matter, a Fund Manager should strictly NOT provide any advice, especially with respect to legal or tax matters. These are highly regulated professions (specifics will vary by country) with specific rules about who, how, an...

As a general matter, a Fund Manager should strictly NOT provide any advice, especially with respect to legal or tax matters. These are highly regulated professions (specifics will vary by country) with specific rules about who, how, and under what type of relationship any such advice may be provided, and crossing the lines opens the door to liability, lawsuits, potentially unauthorized practice of law and more. TL:DR - don't do it. Decile Partners' subject matter experts may provide generalized explanations and/or guidance. If working with Decile Launch, in particular, additional assistance is usually available. However if specific advice is required or requested, then the safest course of action (for the Fund Manager) is for the party in question to engage their own legal or tax experts. Decile Partners can provide referrals on request, of course, and even provide guidance about how best to work with such experts.