Trustees face many challenges as we begin the year 2006. First, trust institutions are grappling with the anti-money laundering (AML) and bank secrecy act (BSA) requirements of various federal agencies. Second, all trustees — both institutional and individual — must strike the appropriate balance between the expectations of beneficiaries and the demands of a changing legal environment. And third, trustees are witnessing an explosion of investment opportunities and must understand how to
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