Omnibus Accounts, Trusts and Other Unique Agreements Due Diligence Scenarios: How to Conduct Strong DD to Mitigate Your Risks
Hunton & Williams (Washington, DC)
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