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A growing number of banks have begun fine-tuning how they vet potential customers, assess their exposure to crime and screen their transactions, sources told ACAMS moneylaundering.com. The strategy, which aims to onboard more clients that inherently pose a high threat of illicit finance, follows several attempts by government officials, regulators and nonprofits alike to dissuade banks, especially those with a global presence, from severing or rejecting ties with politically exposed persons, or PEPs, money services businesses, or MSBs, and other high-risk customers automatically, without taking their unique circumstances into account. As part of the trend, some banks have replaced their...