Foreign Deposits news and trends

AML Scandals Prompt Decrease In European Foreign Deposits

March 11, 2019
AML
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AML Scandals Prompt Decrease In European Foreign Deposits

March 11, 2019
In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018. Reuters reported that money laundering cases are often associated with large amounts of foreign deposits and uneven capital flowing between borders. For example, the now shuttered ABLV […]