Today, the trend of de-risking by banks still remains one of the greatest threats to the remittance industry. Not only does it put these businesses out of practice, it also deprives people who have limited access to the formal banking…
MSB bank accounts: the global retrenchment
How can a money service business acquire a bank account? There is a wide-spread de-risking currently occurring amongst banks. In this article, we assess the range of phenomena that are occurring around the world, including how relevant regulators have responded…