De-risking – an epidemic?

I was talking to an estate agent. He was negotiating his exit from his current firm to set up on his own. “All going smoothly?” I asked. “Well, apart from the Bank.” I assumed that the Bank was exercising caution over extending a loan to a new business. “No, they are happy to lend meContinue reading “De-risking – an epidemic?”

HMRC MSB Review

More properly, the title is; ‘HM Revenue and Customs AML/CTF Thematic Review of anti-money laundering compliance in the Money Service Business. The report in itself is worth reading, but my interest was piqued by the following; ‘Due to concerns that MSBs may be easily abused by criminals and terrorist financiers, some banks have withdrawn servicesContinue reading “HMRC MSB Review”

Sorry, we are closing your account.

I came across this article the other day. It is by Scott Paul who works for Oxfam. Oxfam on Derisking It is well worth a read. In case you are pressed for time – I have copied one paragraph below. Though banks should make individualized assessments of the risks their clients present, governments are primarilyContinue reading “Sorry, we are closing your account.”