The Association of Global Custodians' Committees and Mission Statements:
The Americas Focus Committee will operate as an overarching full committee to address all AGC matters involving regulatory/market structure issues arising in North or Latin America.
Anti-Money Laundering (AML) and Sanctions Compliance Committee
The Anti-Money Laundering (AML) and Sanctions Committee identifies unique compliance issues facing global custodians of primarily institutional cross-border customers. The recent passage of amended AML laws throughout the world, coupled with the upward trend in regulatory enforcement actions, highlight the need for global custodians to have robust compliance programs that address their regulatory obligations and inherent risk. In addition, the continued enactment and enforcement of comprehensive and targeted sanctions by the United States present ongoing challenges for global custodians in relation to intermediary account structures. The Committee aims to establish industry views and to advocate on matters of common interest.
Asia Focus Committee
The Asia Focus Committee looks to maintain an agenda that elevates and coordinates AGC oversight and attention on key issues of regulatory or infrastructure change in Asia, and it works to leverage the breadth of the AGC membership to represent and advocate on matters of common interest.
Depository Information-Gathering Project Committee
Middle East and Africa Committee
The Middle East and Africa Committee (ME&A) will on
behalf of AGC members provide oversight of and attention to key issues of
regulatory or infrastructure importance in the Middle East and Africa, and
will leverage the breadth of other AGC Focus Committees to address matters
of mutual interest to members. The Committee also anticipates the
involvement of regional market experts in certain of the Committee
Tax Issues Committee
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