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Comment: US House committee members view bank derisking in Caribbean region as 'redlining,' potential 'racism'

By Robert Thomason ( April 29, 2022, 20:43 GMT | Comment) -- Members of the US House Financial Services Committee are questioning whether banks, fearing money laundering prosecution, have excessively derisked business in the Caribbean, leaving customers in the region without correspondent banking services. They said the situation is serious enough to be viewed as “redlining” and possibly “racism.”Members of the US House Financial Services Committee are questioning whether banks, fearing money laundering prosecution, have excessively derisked business in the Caribbean, leaving customers in the region without correspondent banking services. They said the situation is serious enough to be viewed as “redlining” and possibly “racism.”...

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