OFAC, USA PATRIOT Act and other Anti-Terrorism Regulations Relevant for Lenders | Practical Law

OFAC, USA PATRIOT Act and other Anti-Terrorism Regulations Relevant for Lenders | Practical Law

Lenders are subject to various regulatory requirements and restrictions with respect to transactions in which terrorists, criminals or other parties deemed hostile to the US may have a financial interest. This Note discusses anti-terrorism and other requirements under the USA PATRIOT Act, the rules of the Office of Foreign Assets Control and other federal legislation that lenders should be aware of when negotiating representations and covenants in loan agreements.

OFAC, USA PATRIOT Act and other Anti-Terrorism Regulations Relevant for Lenders

Practical Law Practice Note 1-505-6642 (Approx. 9 pages)

OFAC, USA PATRIOT Act and other Anti-Terrorism Regulations Relevant for Lenders

by Practical Law Finance
MaintainedUSA (National/Federal)
Lenders are subject to various regulatory requirements and restrictions with respect to transactions in which terrorists, criminals or other parties deemed hostile to the US may have a financial interest. This Note discusses anti-terrorism and other requirements under the USA PATRIOT Act, the rules of the Office of Foreign Assets Control and other federal legislation that lenders should be aware of when negotiating representations and covenants in loan agreements.