FATF resolves to tackle de-risking
The Financial Action Task Force (FATF) has said it will continue its efforts to determine the drivers of de-risking and lobby key international stakeholders to counter the phenomenon of financial institutions terminating or restricting business relationships rather than manage the risks.
Following a 23 October plenary meeting in Paris, the inter-governmental body for combating money laundering, terrorist financing and other threats to the international financial system, has also said that it is a misconception to characterise de-risking exclusively as an anti-money laundering issue....Log into your ATFCP account to access content at Association of Trade Finance Compliance Professionals.
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