Global Investigations Review - The law and practice of international investigations

Covid-19: A warning to financial institutions not to neglect customer due diligence

08 April 2020

Covid-19: A warning to financial institutions not to neglect customer due diligence Steve Smith and Nick Barnard

The FCA issued a stark warning to financial institutions in a recent “Dear CEO” letter: do not neglect your customer due diligence during the covid-19 crisis. This is easier said than done and presents numerous challenges for banks of all sizes, Steve Smith and Nick Barnard at Eversheds Sutherland in London argue.