The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing.
Maybe that’s the point.
The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing.
Maybe that’s the point.
From what I was able to ascertain it seems like the law still enables denial of service on risk based standards, which should enable banks the deny service to the criminal enterprises the Treasury fears.