By Brett Wolf
ST. LOUIS/NEW YORK, March 7 (Thomson Reuters Accelus) – Despite an international push for financial institutions to crack down on corruption and money laundering linked to political figures, it remains unclear how firms in the United States and abroad will respond.
Some U.S. financial institutions say they have taken steps to address the specific corruption and money laundering risks associated with American political figures and those close to them. Others say they have not, and to date, regulators’ expectations are unclear. (more…)