The UK’s approach to anti-money laundering and its impact on syndicated lending06 Dec 2017 | Client publication/article
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.
Kathrine Meloni (special adviser), Selmin Hakki (professional support lawyer)
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