When you say de-risk do you mean the bank is closing their accounts?
Discussion
Rugpulled of “their” accounts
Closing their accounts yes. More specifically, doing so to save money on compliance cost and fines, as opposed to actually caring about preventing money laundering. Which makes total business sense.
Even the #FATF acknowledges this:
https://www.coe.int/en/web/moneyval/implementation/de-risking
And you bet ethnicity and nationality matter for the chance of being de-risked.