Research Catalog

Integrity in mobile phone financial services : measures for mitigating risks from money laundering and terrorist financing

Title
Integrity in mobile phone financial services : measures for mitigating risks from money laundering and terrorist financing / Pierre-Laurent Chatain [and others].
Publication
Washington, D.C. : World Bank, [2008], ©2008.

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Details

Additional Authors
  • Chatain, Pierre-Laurent, 1961-
  • World Bank.
Description
xiv, 80 pages : illustrations; 26 cm.
Summary
"Sustainable business models are those that base regulation on a careful risk-based analysis. This study identifies the perceived risks and compares them with the actual level of risk for each category of mobile phone financial services. The comparison reveals that the perceptions do not weigh up to the reality. Based on fieldwork in seven locations where the technology has taken off, this paper finds that providers apply measures that are consistent with international standards to combat money laundering and terrorist financing. It identifies the sometimes non-traditional means the industry uses that both mitigate the risks and are in line with good business practices. Acknowledging that mobile phone financial services are no riskier than other channels, governments are called to treat them as an opportunity to expand access to finance."--BOOK JACKET.
Series Statement
World Bank working paper, 1726-5878 ; no. 146
Uniform Title
World Bank working paper ; no. 146.
Subjects
Bibliography (note)
  • Includes bibliographical references (p. 75-77).
Contents
1. Introduction -- 2. m-FS Growth Potential and Concerns -- 3. Analyzing and Responding to ML and TF Risks: Observations of Applied Practices -- 4. Applying FATF Recommendations to m-FS -- 5. Conclusions and Policy Recommendations -- App. A. m-FS Growth -- App. B. Types of m-FS and m-FS Services Observed in Fieldwork.
ISBN
  • 9780821375563
  • 0821375563
  • 9780821375570 (electronic)
  • 0821375571 (electronic)
LCCN
  • 2008013191
  • 40015659019
OCLC
  • ocn214285913
  • SCSB-9054406
Owning Institutions
Columbia University Libraries