Within the context of our analysis of the situation in the region, we have surveyed the impact of regulations on correspondent business in Latin America with similar results. This outcome has nothing to do with the objectives pursued by standards that combat global crimes.
On the contrary, should this trend persist, it will result in growing informality within financial circuits, greater political reluctance to cooperate, and a diversion of financial channels towards other more realistic markets. The challenge is always the same: to ensure that those actions designed to combat and prevent crimes, in addition to being well designed, are also effective.