The SEC is widely regarded as one of the most of aggressive and, in some senses, intimidating regulators across the global private funds market. Other regulators across the globe are taking notice, however, and incrementally increasing their scrutiny of local fund managers in an attempt to crack down on bad conduct. To that end, Clifford Chance recently hosted a webinar to highlight those trends by focusing on regulatory enforcement measures in the U.S., U.K., Europe, Singapore and Hong Kong. The program was moderated by Clifford Chance partner Dorian Drew and featured fellow attorneys Donna Wacker, Kabir Singh, Antonio Golino, Ellen Lake and Benjamin Berringer. This second article in a two-part series highlights regulators’ efforts in each jurisdiction in certain high-risk areas, including anti-money laundering; fees and expenses; conflicts of interest; and operational resiliency. The first article outlined the general regulatory trends in each jurisdiction. For other coverage of global enforcement actions, see “Minority Stakeholder PE Sponsor Held Liable by ECJ for Portfolio Company’s Antitrust Violations Based on Its 100% Voting Rights” (Apr. 20, 2021); and “Emerging From Abraaj’s Shadow: Current Status of Litigation and Responses From LPs and Regulators (Part One of Two)” (Jul. 21, 2020).