The practice of financial institutions exiting entire customer segments, geographies, or product lines deemed too high-risk rather than implementing proportionate controls — a significant unintended consequence of aggressive AML enforcement.
Category: compliance. Part of the Identity Technologist Glossary — 158+ practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.