U.S. Treasury Looks to Curb ‘De-risking’ at Banks
Wall Street Journal
The practice of broadly avoiding customers with perceived links to illicit activities—or de-risking—can end up denying banking services to law-abiding nonprofits, money-transmitting firms and underserved communities, the Treasury said.
https://www.wsj.com/articles/u-s-treasury-looks-to-curb-de-risking-at-banks-dbc0e4b1