One issue secondary loan market trading
participants continue to grapple with is who the customer is
for anti-money laundering purposes
More than 18 months on from the publication of a
consultation by the Joint Money Laundering Steering Group
(JMLSG) in 2017 on proposed revisions to Parts II and III of
its guidance on the prevention of money laundering and the
financing of terrorism in the UK financial services industry,
Chapter 17, which relates specifically to syndicated lending
and which was substantially re-written by the Loan Market
Association (LMA) has now been approved and published by the
JMLSG board....