South Florida banking experts speak on the difficulties of vetting foreign funds

Foreign investment is everywhere in South Florida, but in an increasingly strict regulatory environment, banks are having to ramp up Bank Secrecy Act and anti-money laundering departments. Bank Secrecy Act and anti-money laundering experts broke down the key points of working with foreign investors in South Florida, dealing with regulators, and to how to mitigate risks when the source of foreign wealth is unknown at the Holland & Knight panel “Navigating South Florida: Paradise Regained?” Thursday…