Omnibus Accounts, Trusts and Other Unique Agreements Due Diligence Scenarios: How to Conduct Strong DD to Mitigate Your Risks

April 24, 2017 5:10pm

Shaswat Das
Senior Counsel
Hunton & Williams (Washington, DC)

Terence Gilroy
Director, Americas Head finance Crime legal
Barclays (New York, NY)

  • What are the limits of custodians’ due diligence requirements with respect to omnibus accounts from an OFAC sanctions perspective and when is further scrutiny warranted?
  • Analysis of major enforcement actions such as Credit Suisse and Clearstream and lessons learned
  • Best practices on Due Diligence for trustees and other types of unique agreements, including requiring information from third parties