Publication:
New Technologies, New Risks? Innovation and Countering the Financing of Terrorism

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dc.contributor.authorZerzan, Andrew
dc.date.accessioned2012-03-19T09:32:37Z
dc.date.accessioned2012-04-04T07:43:52Z
dc.date.available2012-03-19T09:32:37Z
dc.date.available2012-04-04T07:43:52Z
dc.date.issued2010
dc.description.abstractRecent developments in the way financial services are delivered have provided both opportunities for economic development and prompted fears of their attractiveness for crimes such as terrorist financing. This paper explores four innovations, value cards, mobile financial services, online banking and payments, and digital currencies, outlining how they work, analyzing their risks, and identifying some ways in which governments and providers are attempting to reduce their attractiveness to financiers of terrorism. Determining what the actual risks are is critical to ensuring that laws and regulations balance both the need to protect integrity in the market and to create an environment friendly to business and empowering to the poor. The paper concludes that these new methods of payment do not offer particular usefulness to terrorist financiers. However, some of these channels could be attractive for general criminal abuse because they have an ambiguous place in the legal regime. Providers therefore, may not know about or elect to properly mitigate risks. The industry is encouraged to work within itself to share information to prevent and detect criminal activity. Governments should consult with industry in deciding regulation and industry should notify government prior to rolling out a new service. This will make government oversight more effective. Lastly, since many of these services are international in scope, government coordination and awareness rising is central.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100105024650
dc.identifier.doi10.1596/978-0-8213-8086-4
dc.identifier.isbn978-0-8213-8086-4
dc.identifier.urihttps://hdl.handle.net/10986/2400
dc.identifier.urihttps://hdl.handle.net/10986/5918
dc.languageEnglish
dc.publisherWorld Bank
dc.relation.ispartofseriesWorld Bank Working Paper ; No. 174
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNT BALANCE
dc.subjectACCOUNT HOLDERS
dc.subjectACCOUNT INFORMATION
dc.subjectACCOUNT NUMBER
dc.subjectAUCTION
dc.subjectAUTHENTICATION
dc.subjectAUTHORIZATION
dc.subjectBANK ACCOUNT
dc.subjectBANK ACCOUNTS
dc.subjectBANK BRANCHES
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANKING ACCOUNT
dc.subjectBANKING SERVICES
dc.subjectBASIC
dc.subjectBEST PRACTICES
dc.subjectBIOMETRIC AUTHENTICATION
dc.subjectBIOMETRIC TECHNOLOGY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS MODEL
dc.subjectBUSINESS MODELS
dc.subjectBUSINESS RELATIONSHIP
dc.subjectBUSINESSES
dc.subjectBUYER
dc.subjectBUYERS
dc.subjectCAPABILITIES
dc.subjectCARD TECHNOLOGY
dc.subjectCARDHOLDER
dc.subjectCARDHOLDERS
dc.subjectCELLULAR NETWORK
dc.subjectCENTRAL BANKS
dc.subjectCENTRAL SERVER
dc.subjectCLEARING SYSTEMS
dc.subjectCOMMODITY
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCOMMUNICATIONS TECHNOLOGY
dc.subjectCOMMUNITIES
dc.subjectCOMPUTERS
dc.subjectCOPYING
dc.subjectCOPYRIGHT
dc.subjectCREDIT CARD
dc.subjectCREDIT CARDS
dc.subjectCRIMINAL PURPOSES
dc.subjectCURRENCY EXCHANGE
dc.subjectCUSTOM
dc.subjectCUSTOMER IDENTIFICATION
dc.subjectCUSTOMER INFORMATION
dc.subjectCUSTOMER PROFILE
dc.subjectCUSTOMER PROFILING
dc.subjectCUSTOMER SERVICE
dc.subjectCUSTOMS
dc.subjectDEBIT CARD
dc.subjectDEPOSITS
dc.subjectDIGITAL
dc.subjectDIGITAL CURRENCIES
dc.subjectDIGITAL CURRENCY
dc.subjectDRUG TRAFFICKING
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectELECTRONIC BANKING
dc.subjectELECTRONIC FUNDS
dc.subjectELECTRONIC FUNDS TRANSFER
dc.subjectELECTRONIC MONIES
dc.subjectELECTRONIC PAYMENT
dc.subjectELECTRONIC PAYMENT SYSTEMS
dc.subjectELECTRONIC PURSE
dc.subjectELECTRONIC PURSES
dc.subjectELECTRONIC SIGNATURE
dc.subjectEQUIPMENT
dc.subjectFEDERAL RESERVE BANK
dc.subjectFEDERAL RESERVE BANK OF NEW YORK
dc.subjectFINANCIAL ACTIVITY
dc.subjectFINANCIAL CRIMES
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTELLIGENCE
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL PRODUCT
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFRAUD
dc.subjectFUNCTIONALITY
dc.subjectFUNDS TRANSFERS
dc.subjectGLOBAL STANDARD
dc.subjectGUIDELINES FOR COMPANIES
dc.subjectID
dc.subjectIDENTIFICATION CARDS
dc.subjectIDENTIFICATION SYSTEM
dc.subjectILLICIT ACTIVITIES
dc.subjectILLICIT ACTIVITY
dc.subjectINFORMATION SERVICES
dc.subjectINNOVATION
dc.subjectINNOVATIONS
dc.subjectINSPECTION
dc.subjectINSURANCE
dc.subjectINTERFACE
dc.subjectINTERFACES
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINTERNATIONAL TELECOMMUNICATIONS
dc.subjectINTERNET BANKING
dc.subjectINTERNET DEVELOPMENT
dc.subjectINTERNET USERS
dc.subjectINTEROPERABILITY
dc.subjectJOINT VENTURE
dc.subjectLACK OF INTEROPERABILITY
dc.subjectLAW ENFORCEMENT
dc.subjectLAWS
dc.subjectLEGAL REGIME
dc.subjectLEGAL STATUS
dc.subjectLEGISLATION
dc.subjectLEVEL OF RISK
dc.subjectLICENSE
dc.subjectLICENSES
dc.subjectMAGNETIC STRIP
dc.subjectMARKET DEMAND
dc.subjectMARKET SEGMENTS
dc.subjectMARKET SHARE
dc.subjectMATERIAL
dc.subjectMEDIA
dc.subjectMOBILE BANK
dc.subjectMOBILE BANKING
dc.subjectMOBILE PHONE
dc.subjectMOBILE PHONE USERS
dc.subjectMOBILE PHONES
dc.subjectMOBILE TELEPHONE
dc.subjectMOBILE TELEPHONES
dc.subjectMOBILE USERS
dc.subjectMONETARY AUTHORITY
dc.subjectMONETARY INSTRUMENT
dc.subjectMONETARY INSTRUMENTS
dc.subjectMONEY LAUNDERING
dc.subjectMONEY TRANSFER
dc.subjectNETWORK ACCESS
dc.subjectNETWORKS
dc.subjectNEW TECHNOLOGIES
dc.subjectNONBANK FINANCIAL INSTITUTIONS
dc.subjectONLINE BANKING
dc.subjectONLINE BANKS
dc.subjectONLINE FINANCIAL SERVICES
dc.subjectONLINE FRAUD
dc.subjectONLINE PAYMENT
dc.subjectONLINE PAYMENTS
dc.subjectONLINE SERVICES
dc.subjectONLINE TRANSACTIONS
dc.subjectOPEN SYSTEM
dc.subjectPASSWORDS
dc.subjectPAYMENT METHOD
dc.subjectPAYMENT METHODS
dc.subjectPAYMENT PROVIDERS
dc.subjectPAYMENT SERVICE
dc.subjectPAYMENT SERVICES
dc.subjectPAYMENT SYSTEM
dc.subjectPAYMENT SYSTEMS
dc.subjectPEER TO PEER
dc.subjectPERSONAL INFORMATION
dc.subjectPHONE CARD
dc.subjectPHONE CARDS
dc.subjectPHONE NUMBER
dc.subjectPHYSICAL LOCATION
dc.subjectPHYSICAL PRESENCE
dc.subjectPOINT OF SALE
dc.subjectPRIVATE SECTOR
dc.subjectPROFITABILITY
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPUBLISHING
dc.subjectQUERIES
dc.subjectREDEMPTION
dc.subjectREGISTRIES
dc.subjectREGISTRY
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRISK ANALYSIS
dc.subjectRISK FACTOR
dc.subjectRISK FACTORS
dc.subjectSEARCH
dc.subjectSECURITIES
dc.subjectSECURITIES TRANSACTIONS
dc.subjectSECURITY CONTROLS
dc.subjectSECURITY MEASURES
dc.subjectSERVICE PROVIDER
dc.subjectSERVICE PROVIDERS
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSMART CARD
dc.subjectSMURFING
dc.subjectSTATISTICAL ANALYSIS
dc.subjectSTOCK TRADING
dc.subjectSUBSIDIARY
dc.subjectSUPERVISION
dc.subjectSUSPICIOUS ACTIVITY
dc.subjectTECHNOLOGICAL ADVANCEMENT
dc.subjectTECHNOLOGICAL DEVELOPMENTS
dc.subjectTELECOM
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEPHONE
dc.subjectTERRORISM
dc.subjectTERRORIST
dc.subjectTERRORIST ATTACK
dc.subjectTERRORIST GROUPS
dc.subjectTERRORISTS
dc.subjectTHIEVES
dc.subjectTRACEABILITY
dc.subjectTRADITIONAL FINANCIAL INSTITUTIONS
dc.subjectTRADITIONAL PAYMENT
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTION SERVICES
dc.subjectTRANSFER OF OWNERSHIP
dc.subjectTRANSMISSION
dc.subjectTREASURY NOTES
dc.subjectUNAUTHORIZED ACCESS
dc.subjectUSER
dc.subjectUSERS
dc.subjectUSES
dc.subjectVERIFICATION
dc.subjectWEBSITE
dc.subjectWEBSITES
dc.subjectWIRE TRANSFER
dc.subjectWIRE TRANSFERS
dc.subjectWIRELESS
dc.subjectWIRELESS NETWORKS
dc.titleNew Technologies, New Risks? Innovation and Countering the Financing of Terrorismen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleNew Technologies, New Risks?
okr.date.disclosure2010-04-20
okr.date.doiregistration2025-04-15T10:49:30.512185Z
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100105024650
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.identifier.doi10.1596/978-0-8213-8086-4
okr.identifier.externaldocumentum000333038_20100105024650
okr.identifier.internaldocumentum11602233
okr.identifier.report51836
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/01/05/000333038_20100105024650/Rendered/PDF/518360PUB0REPL101Official0Use0Only1.pdfen
okr.topicPrivate Sector Development::E-Business
okr.topicTechnology Industry
okr.topicFinance and Financial Sector Development::E-Finance and E-Security
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicIndustry
okr.unitConsultative Group to Assist Poor
okr.volume1 of 1
relation.isSeriesOfPublication3e126efc-de2f-4a95-be5b-bd2e430a4843
relation.isSeriesOfPublication.latestForDiscovery3e126efc-de2f-4a95-be5b-bd2e430a4843
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