Diluted syndicated loan KYC guidance gets formal approval

KYC_Adobe_230x150
By Mike Turner
10 Oct 2019

The UK Treasury office has formally approved guidance on how know your customer (KYC) is implemented in the syndicated loan market, using a draft rewritten by the Loan Market Association after the initial inception was deemed too punitive.

The guidance makes a clear distinction between the primary and secondary loan markets, and assesses where money laundering and terrorist financing risks are most likely to arise.

It also explains the different types of relationships that exist between the parties in a syndicated loan and how this translates to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial