11 min

De-risking is A Broader Issue than Just Non-Profits AML Conversations

    • Business

This week, Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee sent a letter to President Biden about financial access for Caribbean nations and particularly the harmful phenomenon of bank de-risking. The letter recognizes that access to financial services is a key building block for creating and sustaining an effective economy. The letter references a recent report by the Atlantic Council. John and Elliot discuss the focus of the letter, how de-risking and financial access is a serious concern, not just for charities and non-profits, but for entire nations, and some of the solutions that can be instituted to reduce the impact of the problem.

This week, Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee sent a letter to President Biden about financial access for Caribbean nations and particularly the harmful phenomenon of bank de-risking. The letter recognizes that access to financial services is a key building block for creating and sustaining an effective economy. The letter references a recent report by the Atlantic Council. John and Elliot discuss the focus of the letter, how de-risking and financial access is a serious concern, not just for charities and non-profits, but for entire nations, and some of the solutions that can be instituted to reduce the impact of the problem.

11 min

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