Glass houses

Rowan Bosworth-Davies suggests that the United States would do well to examine the record of its own business dealings with correspondent banks before it engages in further criticism of the other jurisdictions for failing to enforce strict anti-money laundering regimes.

“US Banks may resist anti-money laundering drive!” This headline to an article that appeared on FT.com on 6 February points up an interesting conflict of interests which is beginning to emerge in US banking.