United States

United States

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). 

Outline of climate fund agreement starts to take shape

As climate negotiations in Tianjin, China, closed today, international development agency Oxfam said the outline of an agreement on a set of decisions at the Cancun summit in December are beginning to appear, but governments will need to work with real urgency to achieve real progress this year.


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