Stanley Foodman
CEO of Foodman CPAs & Advisors

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Webinar Resources

De-risking is controversial. The perception is that it leads “high – risk” clients to smaller financial institutions that might not have an adequate AML/CFT processes in place. Moreover, some of these entities are being pushed to less regulated or “shadow banking” systems with no regulatory oversight.

According to The Financial Action Task Force (FATF): “De-risking can be the result of various drivers, such as concerns about profitability, prudential requirements, anxiety after the global financial crisis, and reputational risk.

Join Us for a discussion on de-risking and the impact it will have to your institution and the global financial market.