Securities transparency: Is this the next frontier?
With increased use of financial sanctions globally, and regulatory pressure to maintain strong sanctions compliance capabilities, the spotlight has fallen more and more on the securities industry. Regulators are concerned about the lack of transparency in securities flows, and the difficulty in establishing the beneficial ownership within securities transactions chains due to the use of central counterparties, omnibus accounts and nominee structures. Will the 4th AML directive have further impact on due diligence requirements in this sector? This session will discuss the challenges, and potential solutions which will require multiple players to work with one another to establish and mitigate the risks in this area of uncertainty in the sanctions compliance landscape.