Borrower KYC and secondary loan market trading

Author: | Published: 11 Dec 2018

One issue secondary loan market trading participants continue to grapple with is who the customer is for anti-money laundering purposes

More than 18 months on from the publication of a consultation by the Joint Money Laundering Steering Group (JMLSG) in 2017 on proposed revisions to Parts II and III of its guidance on the prevention of money laundering and the financing of terrorism in the UK financial services industry, Chapter 17, which relates specifically to syndicated lending and which was substantially re-written by the Loan Market Association (LMA) has now been approved and published by the JMLSG board....