Asylum seekers at risk of financial exclusion, EBA warns
Anti-money laundering legislation may bar refugees from accessing basic services, EBA says
The European Banking Authority (EBA) has called on Europe's competent authorities to ensure asylum seekers are not excluded from financial services, arguing that some countries had made more progress than others.
Regulations on anti-money laundering and countering-terrorist financing (AML/CFT) might prevent asylum seekers from accessing basic financial services, the EBA said, in an official opinion published on April 12.
"Providing asylum seekers with access to at least basic financial products
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