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Lenders, governments must halt slide in international bank money transfers - FSB

Lenders, governments must halt slide in international bank money transfers - FSB

Governments and lenders must do more to stop a decline in banks handling international money transfers, which are vital to some families in developing countries but have been hit by stricter compliance checks, a global finance watchdog said on Wednesday.

  • Shared by Reuters
  • May 30, 2019
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Regulators have long been concerned that tighter rules against financial crime such as money laundering and bribery are having the unintended consequence of clogging up the cross-border flow of money.

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