The following sovereign wealth funds are part of the Internal Working Group of Soverign Wealth Funds and the Santiago Principles: Australia The Future Fund Azerbaijan State Oil Fund of the Republic of Azerbaijan Botswana Pula Fund Canada Alberta Heritage Savings Trust Fund Chile Economic and Social Stabilization Fund / Pension Reserve Fund China China Investment [...]
Sovereign Wealth Funds That Are Part of the IWG and Santiago Principles
on November 5, 2008 in Anti-Money Laundering, Compliance Programs, Foreign Corrupt Practices Act
The Santiago Principles
on November 5, 2008 in Anti-Money Laundering, Compliance Programs, Foreign Corrupt Practices Act
The International Working Group of Sovereign Wealth Funds created a set of 24 best practices called the Generally Accepted Principles and Practices (GAPP) or the Santiago Principles: GAPP 1. Principle The legal framework for the SWF should be sound and support its effective operation and the achievement of its stated objective(s). GAPP 1.1 Subprinciple The [...]
Sovereign Wealth Funds Adopt Voluntary Best Practices
on November 5, 2008 in Anti-Money Laundering, Foreign Corrupt Practices Act
Adam O. Emmerich of Wachtell Lipton Rosen & Katz put together a summary published on The Harvard Law School Corporate Governance Blog on the Santiago Principles and the potential impact of these on investments by sovereign wealth funds: Sovereign Wealth Funds Adopt Voluntary Best Practices. Intended to demonstrate that SWFs are soundly established and that [...]
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