United Kingdom

United Kingdom

Tower Hamlets in London

Understanding Bank De-Risking and its Effects on Financial Inclusion

De-risking’ refers to financial institutions closing the accounts of clients perceived as high risk for money laundering or terrorist financing abuse, namely money service businesses, non-profit organizations, correspondent banks and foreign embassies. This report explores the linkages between bank de-risking and the ascendance of the risk-based approach to anti-money laundering and countering the financing of terrorism (AML/CFT). 

Oxfam’s ‘Big Heads’ have been cavorting away their time in Germany on the beach outside the G8 Summit highlighting this potentially wasted opportunity. Photo Credit: Craig Owen/Oxfam GB

Working to reduce the burn

Coal is the single biggest driver of climate change - responsible for one third of all CO2 emissions since the industrial revolution. With these climate impacts falling disproportionately on the most vulnerable and least food secure, the burning of coal is further exacerbating inequality.

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