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Research report

Understanding Bank De-Risking and its Effects on Financial Inclusion: An exploratory study

18/11/2015

1 documents

57 pages long

Languages: English

Keywords

AML/CFT
Bank de-risking
Finance
Financial inclusion
Financial regulation
Money service businesses
Remittances
Risk-based approach

Overview

‘De-risking’ refers to financial institutions closing the accounts of clients perceived as high risk for money laundering or terrorist financing abuse, namely money service businesses, non-profit organizations, correspondent banks and foreign embassies. This report explores the linkages between bank de-risking and the ascendance of the risk-based approach to anti-money laundering and countering the financing of […]

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