## Policy

FCA’s “Dear CEO” letter signals greater scrutiny on AML and KYC compliance  
The FCA is intensifying its focus on AML and KYC compliance in private markets. Read Carta’s guide to managing risk and aligning policies with its “Dear CEO” letter.  
[Read more](/content/policy/fca-aml-kyc-scrutiny/index.html)

FinCEN’s AML rule for investment advisers: What asset managers need to know  
The FCA is intensifying its focus on AML and KYC compliance in private markets. Read Carta’s guide to managing risk and aligning policies with its “Dear CEO” letter.  
[Read more](/content/policy/fincen-aml-rule/index.html)

Pay transparency and what it means for modern startups  
More cities and states are addressing pay discrimination by requiring pay transparency in job postings. Learn how to navigate pay transparency laws and build a compliant compensation strategy to help you attract and retain top talent.  
[Read more](/content/learn/startups/compensation/pay-transparency/index.html)

2026 Policy Outlook: Implications for private equity  
Private equity's policy environment just shifted in your favor. The INVEST Act, SEC reforms, and retail access are expanding opportunities—but also regulatory scrutiny. Here's what 2026 holds for PE firms.  
[Read more](/content/policy/policy-outlook-private-capital-ecosystem-2026/index.html)

The INVEST Act: Building for the next generation of American innovation  
The INVEST Act modernizes capital formation for American innovation. Passed by the House with bipartisan support, this landmark legislation broadens capital access, expands investment opportunities, and lowers IPO barriers.  
[Read more](/content/policy/invest-act/index.html)

Venture capital tax treatment  
Learn about the tax treatment of venture capital funds, including the treatment of management fees and carried interest, special considerations like QSBS, and what LPs expect from your fund during tax season.  
[Read more](/content/learn/private-funds/venture-capital/taxes/index.html)