Asylum seekers shut out of financial system by some EU banks, watchdog finds
London, UKReuters Some European Union banks are shutting out asylum seekers and other types of customers in mishandled efforts to comply with anti-money laundering rules, the bloc’s banking watchdog said. Banks have become far more nervous as regulators in the EU, the United States and elsewhere crack down on inadequate “know your customer” checks, prompting […]
Dutch queen says tech fears should not stop the poor getting banking
New York City, USThomson Reuters Foundation Queen Maxima of the Netherlands urged financial regulators this week not to let fears over technology stall efforts to ensure everyone in the world has access to a bank account and credit to save money and build businesses. Maxima said progress had been made since she was appointed the […]