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New rules will force buyout firms to flag suspicious investments

The Treasury Department is extending anti-money laundering rules to private equity, venture capital and hedge funds

The Treasury Department’s new rules will add reporting requirements for private equity fund managers
The Treasury Department’s new rules will add reporting requirements for private equity fund managers Photo: Getty Images

After more than 20 years of debate, private equity firms are about to be drafted into the fight against dirty money.

The Treasury Department on 13 February proposed extending anti-money-laundering rules to investment advisers including private equity, venture capital and hedge fund managers.

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