Financial crime compliance in securities custody and settlement: ISSA’s principles and their implementation

Urs Staehli

Journal of Securities Operations & Custody, 2017, vol. 9, issue 3, 236-244

Abstract: Until recently, the regulatory burden laid on the securities services industry was relatively light. Post financial crisis, a myriad of regulatory initiatives were taken impacting the securities services intermediaries. In August 2015, ISSA issued 17 Financial Crime Compliance Principles providing global guidance on the establishment and maintenance of cross-border securities custody relationships. ISSA is about to publish additional documents supporting the implementation of the principles with a view to cross-market adoption by the end of 2019.

Keywords: financial crime compliance; transparency; custody intermediation; segregated accounts; omnibus accounts; due diligence framework; implementation challenges (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2017:v:9:i:3:p:236-244

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