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De-Risk or No?

Answered by: 

Question: 
Can we still de-risk?
Answer: 

There is no regulation on de-risking at this time. It is being studied as required in the AML Bill of 2020. It is the sense of Congress that de-risking leads to unbanked and less transparent transactions. We are being encouraged to run risk-based programs and not eliminate categories of customers.

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First published on 06/13/2021

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