BANKS STRUGGLE TO MANAGE AN EFFECTIVE AND SOPHISTICATED DERISKING POLICY

THE DE-RISKING by banks of their correspondent banking relationships is a long-standing problem and is today becoming a truly global phenomenon. From the Caribbean to the Pacific Islands, to Middle East, Africa and Eastern Europe, banks have lost correspondent relationships with international financial institutions. And while some experts think de-risking has reached its zenith, some think more de-risking will follow until receiving country jurisdictions have improved anti-money laundering/combating the financing of terrorism (AML/CFT) regulatory ...


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