Derisking

The Government Accountability Office has launched an inquiry into the effects of banks’ increasing efforts to close high-risk accounts, including those held by money-transfer firms and humanitarian organizations. Read the full story here.

Account shutdowns and holdups of money transfers hinder ability to deliver aid to refugees. Read the full story here.

Banks close the accounts of customers they fear may be up to no good, evicting from the financial system those the government most wants to watch. Read the full story here.