Financial Crime Financial Crime

Comment: European banks' money-laundering 'de-risking' rings regulatory alarm bells

By Jack Schickler and Annie Robertson
  • 11 Jun 2021 10:18
  • 11 Jun 2021 10:18
Diamond traders, payment firms and football clubs risk getting shut out of the banking system as European lenders respond to a string of money-laundering scandals.

But regulators are increasingly concerned that the practice of removing entire high-risk categories of client — known as “de-risking” — actually heightens the chance of dirty money escaping attention

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