How Correspondent Banking Became a Nightmare for Foreign Banks

In recent years, Arab banks, specifically, have suffered unique pressure from global banks to limit their access to correspondent banking relationships. The reasons are primarily a result of its susceptibility to money laundering and terrorist financing. What’s more, banking regulators in the international banking arena are encountering heightened concern among the international banks in order […]
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About Hany Abou-El-Fotouh, CAMS, CDIR

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