U.S. Treasury Rules Out Laws On De-Risking As MSB Sanctions Ramp Up

A U.S. Treasury official has said legal reforms aimed at helping money transfer firms affected by de-risking are highly unlikely, despite legislative efforts in Europe to tackle the issue.

Jonathan Fishman, a policy advisor in the Treasury’s Office of Terrorist Financing and Financial Crimes, said he does not expect lawmakers in the United States to follow the example set by the EU’s revised Payment Services Directive (PSD2).

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