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