The International Securities Services Association (ISSA) has published a guide to its financial crime compliance principles for securities custody and settlement. The guide is intended to provide financial institutions with a summary of the reasons why ISSA identified a requirement to address financial crime compliance and the measures that firms may need to consider to ensure compliance with the principles. The ISSA principles, which were published in September 2015, aim to provide practical guidance to global custodians, sub-custodians, fund distributors, trustees/depositary banks, brokers, prime brokers and central securities depositories that intermediate cross-border securities on how to most effectively counter the risks of money laundering, terrorist financing, market abuse, corruption, fraud and the evasion of sanctions. The principles consider how firms should manage the risks that arise from the layers of intermediation between securities issuers and the ultimate beneficial owners.