Correspondent banking in retreat, but growing in Asia

9 May 2017
The Phnom Penh Post
Banking and financial services / Economy and commerce / Major banks
Anti-Money Laundering (AML) / Global Financial Crisis

While financial inclusion is a top priority for emerging economies, new research suggests more stringent enforcement of anti-money regulations in recent years has resulted in major Western banks disconnecting from these regions, leaving local businesses without access to the international financial system. …

 Cam McGrath
http://www.phnompenhpost.com/business/correspondent-banking-retreat-growing-asia

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