In this podcast, Bridget Marsh, Executive Vice President & Deputy General Counsel, discusses the LSTA's KYC Guidelines and the different relationships that arise in both the primary and secondary loan markets and what diligence is required....
For our members who are familiar with the LSTA’s KYC Guidelines, “Know Your Customer Considerations for Syndicated Lending and Loan Trading” (“KYC Guidelines”) we have news to share with you. Although several years have passed since the KYC Guidelines were first published in 2016, many LSTA bank members still seem to struggle to adhere to...
Know Your Customer Considerations for Syndicated Lending and Loan Trading (KYC Guid ance ) October 22, 2018 KNOW YOUR CUSTOMER CONSIDERATIONS FOR SYNDICATED LENDING AND LOAN TRADING Guidelines for the Application of Customer Identification Programs, Foreign Correspondent Account Due Diligence, and Other Considerations I. PREAMBLE Section 326 of the USA PATRIOT Act (PATRIOT Act), in...
KYC and the US Loan Market: Is your KYC too much, too little, or just right? Bridget Marsh, EVP and Deputy General Counsel, LSTA Jeanine McGuinness, Counsel, Davis Polk & Wardwell LLP Tess Virmani, SVP and Associate General Counsel, LSTA March 18, 2016 Relevant Acronyms AML – anti-money laundering BSA – Bank Secrecy...
