In the banking world, it’s a practice known as “exiting” or “de-risking.” It’s what happens when a bank closes a customer account after flagging suspicious...
A new report by the General Council for Islamic Banks and Financial Institutions (CIBAFI) said the decline of correspondent banking relationships disproportionately impacts Islamic financial...
Post-financial crisis regulations have forced banks to become more diligent and aggressive against financial fraud, including money laundering. In response to new rules, financial institutions...