Skip to main content
Google Tag Manager
Sign up to emails
Request a trial
Liability Shift ‘Could Solve Account Access Woes’
14th Dec 2016 | Written by:
UK high-street banks are being made to “police” transactions carried out by payments providers, experts have said, ultimately making it harder than ever for non-banks to access basic services and...
FCA Asked To Clarify Risk-Based Money Laundering Rules
5th Dec 2016 | Written by:
UK payments lobbyists are asking regulators for more details on anti-money laundering liability, in an effort to tackle the “de-risking” problem of banks abandoning certain categories of customer.
Basel Committee Consults On New De-Risking Advice
25th Nov 2016 | Written by:
Financial institutions are set to be given new clearer guidance on how to manage the risks of money laundering and the financing of terrorism by global banking supervisors.The Basel Committee on...
U.S. Says Improved AML Regimes Will Counter De-Risking
16th Nov 2016 | Written by:
Countries grappling with the withdrawal of correspondent banking relationships must work to improve their anti-money laundering and counter-terrorist financing regimes, a U.S. Treasury boss has...
Malta PM Takes De-Risking Battle To US
7th Nov 2016 | Written by:
Malta has become the first western country to confront fears of de-risking after its Prime Minister flew to the United States in a bid to persuade banking giants to keep their correspondent banking...
Terror Funding Report ‘No Reason For Remittance Crackdown’
4th Nov 2016 | Written by:
Regulators should accept that some remittance systems will be misused by terrorist groups, experts have said, after mounting international pressure on cross-border fund transfer firms to stamp out...
Countries Must Work Together To Fight De-Risking, Says IMF
2nd Nov 2016 | Written by:
Small states that face economic problems because of the loss of correspondent banks should work together to fight the impact of de-risking collectively, according to the International Monetary Fund...
Regulatory Misconceptions: An Industry View On De-Risking
1st Nov 2016 | Written by:
Fragmented or misguided regulation has created an uncertain environment around cross-border payments, holding back innovation and encouraging banks to de-risk, industry insiders have said.
New FATF Guidelines Won’t Deter De-Risking, Experts Fear
31st Oct 2016 | Written by:
Industry experts are unconvinced by a global watchdog’s latest guidance for correspondent banking relationships, arguing developments are still too thin to discourage banks from cutting ties.
FATF Issues New Guidance To Discourage De-Risking
25th Oct 2016 | Written by:
A global financial crime watchdog has issued new advice in an effort to deter financial institutions from cutting relationships with correspondent banks and, by extension, money transfer businesses.
4th AMLD: Concerns Raised Over High-Risk Countries Proposals
24th Oct 2016 | Written by:
Calls from within the EU for further amendments to anti-money laundering reforms, including a significant expansion of the list of high-risk jurisdictions, could cause unwanted knock-on effects for...
Jamaica Looks To Bolster Remittance Trust With National ID System
12th Oct 2016 | Written by:
Jamaica is to speed up development of a national ID system to improve transparency in the financial sector, as the country’s remittance sector strains under the pressure of banks’ de-risking...
World Leaders Express Concern Over Remittance Closures
10th Oct 2016 | Written by:
Financial crime watchdogs and international policymakers have warned that de-risking is “severely” impacting countries that rely heavily on remittances to make up large portions of their GDP.
U.S. Regulator Offers Banks Guidance On De-Risking Decisions
7th Oct 2016 | Written by:
Financial institutions with a better understanding of correspondent banks’ risk profiles may be better positioned to carry on offering services and avoid de-risking, U.S. federal regulators have said.
Caribbean Leaders Warn United Nations Of ‘De-Risking Cancer’
5th Oct 2016 | Written by:
The threat of de-risking to developing economies is a “growing cancer” that limits development, threatens regional stability and prevents participation in the international economy, Caribbean...
Weekly News In Brief: September 30, 2016
30th Sep 2016 | Written by:
A round-up of money laundering news from the Asia-Pacific region, including a major review of Singapore’s controls, as well as a top court review of U.S. card surcharge laws and the promise of...
Meet the team
Sign up to emails
Terms and Conditions
St Clare House, 30 Minories
+44(0)207 921 9980
United States Of America
1725 I Street NW, Suite 300
+1 202 261 3567