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Should Banks Be Crime Fighters? The Hidden (and Not So Hidden) Costs

Pointlessly onerous anti-money laundering rules lead to debanking of individuals and even entire regions, just as “financial inclusion” is thrown around as a social objective. We need a viable alternative, says Noelle Acheson.

Citi bank and HSBC skyscrapers at night (Miquel Parera/Unsplash)
(Miquel Parera/Unsplash)