Parliament Debates Barclays Remittance Closure Decision
The Members of Parliament in the UK recently met to discuss and debate Barclays decision to close its remittance accounts, reported Banking Technology. Barclays made the decision in lieu of its commitment to anti-laundering policies, but the imminent closures have led to much debate about how it will affect the economy and customers. Government ministers are hoping to put more pressure on the financial organization to grant a six-month extension for remittance businesses.
