More than AML fears driving correspondent banks away from Arab economies – report
"De-risking" cited most often as key factor behind trend
Though concerns over anti-money laundering and countering the financing of terrorism (AML/CFT) are often thought to be behind the recent decline in correspondent banking, a new report focused on the Arab region suggests the problem may be more complex.
A survey by the Arab Monetary Fund, International Monetary Fund and World Bank gathered information on which banks in the region have been affected over the period 2012–2015, and what they believe the causes to be.
Nearly 39% of respondents said
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