Africa: Bank de-risking hits money transfer firms
Gibril Faal was interviewed by Euromoney on the increasing use of de-risking policies by international banks and their impact on money transfer companies, individuals and remittances.
“If anybody wants to suggest that there is a link between remittances and money laundering or terrorism, the burden is on them to prove it. No institution or government or bank has done that in any serious manner.”
—Gibril Faal