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Bankers hope that a new review of anti-money laundering rules could result in the authorities being more lenient with cases of dirty money slipping through the net, as long as the banks can prove they took tough action to try to stop it happening.
The industry is under huge pressure to make sure it does not offer a channel to criminals and terrorists to make use of their ill-gotten gains, and as a result lenders have stopped operations with customers with links to the riskiest countries like Somalia.
While such drastic action helps protect banks from legal action, it also means innocent customers are cut off from, for example, sending money to their families in other countries.
The original article can be found at www.telegraph.co.uk