CORRESPONDING BANKS ARE REFUSING TO TRANSFER YOUR MONEY

Written By:            Kenneth Rijock - International Financial Crime Consultant
Contributed By:     Monte Friesner - Financial Intelligence Analyst

WORLD BANK REPORT ON THE CORRESPONDENT BANKING CRISIS

You may have seen a reference, in a number of recent articles, to the World Bank article, Withdraw from Correspondent Banking: Where, Why, and What to Do About It. That article details the specific reasons onshore banks are using, when conducting their decision process about terminating correspondent banking relationships, with prejudice. Readers who wish to review the complete text, may do so here. See "Complete Report in English, " on the right-hand side of the page, and download the pdf document.

*   Before you send a Transfer through your bank; double check that the intermediary and/or corresponding bank still approves your bank.