Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 45

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 45
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 of AML/CFT-related regulations where we operate such as Law No. 9,613/98, which was later amended by Law No. 12,683/12 in Brazil; Law 190 of 1995, which criminalizes asset laundering, and Law 1121 of 2006 and Law 1941 of 2018 in Colombia; Law No. 19,913 in Chile; AML measures of Uruguay; Anti-Money Laundering Act of 2020 and USA PATRIOT Act of 2001 in the USA; Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, amended in 2020 in the UK; and Proceeds of Crime (2020 Revision) and Money Laundering Regulations (2020 Revision) in Cayman Islands, among others.

Regulators may reexamine the transaction volume thresholds at which we must obtain and keep applicable records, verify identities of customers, and report any change in such thresholds to the applicable regulatory authorities, which could result in increased costs in order to comply with these legal and regulatory requirements. Costs associated with fines or enforcement actions, changes in compliance requirements, or limitations on our ability to grow could harm our business, and any new requirements or changes to existing requirements could impose significant costs, result in delays to planned products or services improvements, make it more difficult to obtain new clients and reduce the attractiveness of our products and services. As a result, allegations of improper conduct as well as negative publicity and press speculation about us or our investment advisor or investment management companies, as well as the portfolio companies of the funds we manage, or the private equity industry in general, whether or not valid, may harm our reputation, which may be more damaging to our business than to other types of businesses.

Misconduct or other improper activities, including non-compliance with regulatory standards or insider trading by our employees, consultants or subcontractors could harm us by impairing our ability to attract and retain clients and subjecting us to significant legal liability and reputational harm. Fraud and other deceptive practices or other misconduct at our funds’ portfolio companies could similarly subject us to liability and reputational damage and also harm performance.

Our employees, consultants and subcontractors could engage in misconduct or other improper activities, including non-compliance with regulatory standards and/or requirements and insider trading. We are subject to a number of obligations and standards arising from our asset management business and our authority over the assets managed by our asset management business. The violation