US Regulator says: Avoid cutting foreign bank ties

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.


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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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