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Asylum seekers shut out of financial system by some EU banks, watchdog finds

Germany Frankfurt skyline

London, UK Reuters Some European Union banks are shutting out asylum seekers and other types of customers in mishandled efforts to comply with anti-money laundering rules, the bloc’s banking watchdog said. Banks have become far more nervous as regulators in the EU, the United States and elsewhere crack down on inadequate “know your customer” checks, […]

“Just give us our money”: Taliban push to unlock Afghan billions abroad

Afghanistan Kabul mother and family

Frankfurt, Germany Reuters Afghanistan’s Taliban government is pressing for the release of billions of dollars of central bank reserves as the drought-stricken nation faces a cash crunch, mass starvation and a new migration crisis. Afghanistan parked billions of dollars in assets overseas with the US Federal Reserve and other central banks in Europe, but that […]