The obligation of financial institutions to conduct effective due diligence is one that is constantly evolving. Keeping up with freezing orders is no easy task, but ignorance of the law is no excuse. Being out of the loop can have dire consequences for your financial institution and any violation can result in fines as well as criminal charges. Join us on this virtual event to also explore, from a more practical perspective, what a financial institution should do when a client is featured on a Designated Order and is subject to an asset freeze.
- Understanding the local regulatory environment and Freezing Orders of the Barbados Supreme Court
- Freezing Orders – The Impact on Financial Institutions
- Exploring best practices to follow when a freezing order is served on a financial institution
- Self-interest – Studying the issue of freezing orders at a Caribbean level