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Comment: European banks' money-laundering 'de-risking' rings regulatory alarm bells

By Jack Schickler and Annie Robertson ( June 11, 2021, 14:48 GMT | Comment) -- European banks are increasingly wary about serving businesses seen as suspicious — think diamond traders, payment firms and football clubs — as they look to "de-risk" after a string of recent money-laundering scandals. In fact, lenders could actually be aiding murkier sections of the economy by removing entire categories of client, regulators warn — but action taken by impatient Belgian lawmakers may put them in an impossible position.Diamond traders, payment firms and football clubs risk getting shut out of the banking system as European lenders respond to a string of money-laundering scandals....

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