Derisking Threatens Caribbean Banking Sector and Trade

Derisking Threatens Caribbean Banking Sector and Trade

Allan Wright, country economist for The Bahamas at the Inter-American Development Bank, discusses the impact of derisking strategies on the Caribbean: Q: What is derisking? A: Derisking is the termination of or the restriction of business relationships to avert risk related to money laundering and terrorist financing, according to a definition by the Financial Action Task Force (FATF), […]