De-Risking Remitters Is ‘Market Failure’ Regulators Must Reverse, Think Tank Claims

De-risking by major banks and the devastating effects for money remittance companies represents a worldwide “market failure” which only regulatory intervention can resolve, a report has claimed.

The report was published by Global Center, an international think tank that works with policymakers to promote financial integrity and inclusion, and focused on the impact of financial institutions cutting banking services to money remittance firms.

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