Refugees are being stopped from sending vital money back to their families in troubled areas of the world because of financial institutions de-risking policies, campaigners have again warned.
The European Banking Authority (EBA) has published its opinion addressed to competent authorities on the application of customer due diligence (CDD) measures to customers who are asylum seekers...
Non-bank financial firms providing cross-border payments are being hampered by disproportionately costly know your customer (KYC) requirements, a report by an international policy think tank has said.
With a remittance industry in sharp decline, central bank authorities in the Caribbean have suggested lighter regulation for correspondent banking services, despite industry scepticism.
Fintech industry groups have urged quicker action by UK authorities to stop banks cutting services to payment firms, after regulators said they are still reviewing the scope of the problem a year...
New initiatives by international financial crime authorities may give a glimmer of hope to remittance businesses grappling with the global “de-risking crisis”, representatives of SWIFT and Western...
Barbados government officials have appealed to financial institutions in China to help overcome the region’s “de-risking crisis”, as money services businesses continue to be hit hard by US-led...
PaymentsCompliance has spoken with Financial Action Task Force (FATF) executive secretary David Lewis on the changing nature of risk and compliance in payments.
PaymentsCompliance has spoken with the head of the world’s anti-money laundering task force to discuss de-risking and the fraught relationship between today’s disruptive fintech companies and the...
U.S. investigators have launched a bid to seize money from Amazon accounts that they believe were used by an offshore gambling operation to launder money via gift cards.
Legal experts in Brazil have refuted accusations by financial crime watchdogs that the country’s terror funding laws are not up to scratch, as political and regulatory turbulence continues to cloud...
Regulators in developing nations are being warned that financial inclusion will only be attained within the next five years if the authorities respond favourably to innovations in fintech.
Worldpay, the £5.5bn UK payments firm, is claiming that international expansion is forcing merchants to deal with tricky regulations and security risks in an “increasingly complex” market. 
Preventing terrorist funding and money laundering is not the only goal of regulating a fair financial system, a leading U.S. banking regulator has said.
US banks’ increasingly heavy de-risking policies could be affecting Trinidad and Tobago, industry insiders have suggested, after signs the region’s vital remittance industry could be rapidly...
The international charity sector has demanded the U.S. government stop banks from de-risking payment providers and money remitters which serve areas in need of humanitarian aid.

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