Research Catalog

Title

Integrity in mobile phone financial services : measures for mitigating risks from money laundering and terrorist financing / Pierre-Laurent Chatain ... [et al.].

Publication

Washington, D.C. : World Bank, c2008.

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Chatain, Pierre-Laurent, 1961-
• World Bank

Description

xiv, 80 p. : ill.; 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."--Jacket.

Uniform Title

World Bank working paper ; no. 146.

Subject

• Home banking services > Security measures
• Electronic funds transfers > Security measures
• Cell phone systems > Security measures
• Commercial crimes > Prevention

Bibliography (note)

• Includes bibliographical references (p. 75-77).

Contents

Introduction -- m-FS growth potential and concerns -- Analyzing and responding to ML and TF risks: observations of applied practices -- Applying FATF recommendations to m-FS -- Conclusions and policy recommendations.

ISBN

• 9780821375563
• 0821375563
• 9780821375570 (electronic)
• 0821375571 (electronic)

LCCN

^^2008013191

OCLC

214285913

Owning Institutions

Harvard Library