Tougher money laundering rules intimidate banks

A handful of the world’s largest banks are pulling out of the Middle East and Asia.

April 22, 2013 | Last updated on April 22, 2013
1 min read

A handful of the world’s largest banks are pulling out of the Middle East and Asia due to tighter anti-money laundering rules, reports Financial Times.

Though regulators’ crackdown on money laundering is still being debated, institutions are afraid of running into problems. Read more.

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