The UK’s approach to anti-money laundering and its impact on syndicated lending
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New legislation implementing the Fourth Money Laundering Directive (2015/849) has refocused attention on the UK’s anti-money laundering regime and the explicit requirement for customer due diligence to be carried out on a risk sensitive basis. This publication considers the new regime and discusses the inconsistencies and inefficiencies arising from a complex, principles-based approach to compliance, in particular in the context of multi-partite transactions such as syndicated loans.
This publication first appeared in Butterworths Journal of International Banking and Finance Law in November 2017.
