Excerpt: “There are certain complexities in the business that have to be recognized, and I think Treasury and the other regulators active in this area have tried to craft rules for hedge funds that make sense,” said Lauren Teigland-Hunt, the external counsel for the Managed Fund Association… “Could a hedge fund be used for money laundering? Possibly. But there are impediments associated with that investment vehicle that don’t lend themselves to money laundering, such as lockup periods, which prevent investors from redeeming their interests for an extended period following investment, and limited redemption windows, which mean investors can redeem only once a quarter, for example…”