Uncovering the Hidden and Not So Hidden Expenses of Current AML Regulations in Banking
Wednesday, 12 June 2024, 14:38
The Impact of AML Rules on Banking
Stringent anti-money laundering regulations have unintended consequences, pushing institutions to debank individuals and regions.
Noelle Acheson argues for a rethink towards financial inclusion goals.
- Heavy compliance costs hamper access to banking services.
- Debanking furthers economic disparity.
- Financial inclusion requires balanced policies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.