A US Regulator has encouraged US correspondent banks to avoid cutting off foreign banks unless there is a concrete cause for concern. The Regulator went on to highlight the negative effects of de-risking;, quoting the Comptroller of the Currency , Mr. Thomas Curry, who mentioned that banks generally are not required to know their customer’s customers.

Link: https://mobile-reuters-com.cdn.ampproject.org/c/mobile.reuters.com/article/amp/idUSKBN16S2C4