A legal guide to bond execution in 2013

Author: Gemma Varriale | Published: 22 Nov 2012

Senior lawyers have warned that recent regulatory developments are complicating bond execution and documentation, making it slower and less efficient.

Anti money laundering and the Office of Foreign Assets Control (Ofac) were named as particular challenges for international finance.

Ofac administers and enforces economic and trade sanctions based on US foreign policy and national security goals. The Office imposes controls on transactions and freezes assets under US jurisdiction.

But Bruce Duncan of Citigroup said that international banks’ focus isn’t just on Ofac, there are EU sanctions to consider too. The UK also has its own sanctions. It’s...