(The Daily Star/Hasan Shaaban)
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Some Arab banks are facing difficulties in their relations with American correspondent banks due to the high risks in some countries and growing compliance demands, said Joseph Torbey, president of the Executive Committee of the Union of Arab Banks Thursday.Torbey did not name the banks that are facing problems with American correspondent banks."It is important that the Arab banks actively take part in international forums, especially the Lebanese banking sector," he said.He stressed that the Arab banks have no problems with the American banking sector.
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