LSTA Publishes Market Advisory on FinCen’s Customer Due Diligence Rule
The US Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) published new Customer Due Diligence Requirements for Financial Institutions (the “CDD Rule” which became effective on…
FinCen’s Customer Due Diligence Rule – Certification Regarding Beneficial Owners of Legal Entity Customers
This form of certification has been tailored for syndicated loan transactions and requests the information which covered financial institutions are required to obtain under FinCEN’s…
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.