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Report: How swinging regulatory penalties slow banks intermediation role — NEWSVERGE
Indications have emerged that increased in regulation on anti-money laundering, which often attract imposition of fines and stiff penalties has slowed banks’ role in intermediation, especially cross-border transfers, which has affected banks in Europe, Africa most importantly, largest economy in the continent. Financial analysts, have however, described regulatory policies on money laundering and corruption, […]
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