Publication:
AML/CFT Regulation : Implications for Financial Service Providers that Serve Low-Income People

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dc.contributor.author World Bank
dc.date.accessioned 2013-02-25T19:59:59Z
dc.date.available 2013-02-25T19:59:59Z
dc.date.issued 2005-07
dc.description.abstract This report on anti-money laundering (AML) and combating the financing of terrorism (CFT) regulation addresses the consequences of these regulations on low-income people. The introduction of new or tightened AML/CFT regulations may have the unintended and undesirable consequence of reducing the access of low-income individuals to formal financial services. As a means to avoid this outcome, this paper argues in favor of gradual implementation of new measures; the adoption of a risk-based approach to regulation; and the use of exemptions for low-risk categories of transactions. en
dc.identifier http://documents.worldbank.org/curated/en/2005/07/16277997/amlcft-regulation-implications-financial-service-providers-serve-low-income-people
dc.identifier.uri http://hdl.handle.net/10986/12495
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCESS TO FINANCIAL SERVICES
dc.subject ACCESS TO SERVICES
dc.subject ACCOUNT HOLDERS
dc.subject ACTS OF TERRORISM
dc.subject ADVERSE EFFECTS
dc.subject AGRICULTURAL BANKS
dc.subject ALTERNATIVE FINANCIAL INSTITUTIONS
dc.subject ANTI-MONEY LAUNDERING
dc.subject AUDITS
dc.subject BANK ACCOUNTS
dc.subject BANKING RELATIONSHIP
dc.subject BANKING SERVICES
dc.subject BANKS
dc.subject BOND
dc.subject BUSINESS RELATIONSHIPS
dc.subject BUSINESS TRANSACTIONS
dc.subject BUSINESSES
dc.subject CAPITAL FLOWS
dc.subject CERTIFICATES
dc.subject CHARITABLE SECTOR
dc.subject CLIENT BASE
dc.subject CLIENT IDENTIFICATION
dc.subject CLIENT INFORMATION
dc.subject COLLATERAL
dc.subject COMMERCIAL BANK
dc.subject COMMERCIAL BANKS
dc.subject COMMERCIAL FUNDING
dc.subject COMMERCIAL TRANSACTIONS
dc.subject COMMODITY
dc.subject COMMUNITY BANKS
dc.subject COMPLIANCE COSTS
dc.subject CONSUMER CREDIT
dc.subject CONVENTIONAL BANKS
dc.subject COOPERATIVES
dc.subject CORRUPTION
dc.subject CREDIT INSTITUTIONS
dc.subject CREDIT UNIONS
dc.subject CRIMINAL LIABILITY
dc.subject CRIMINAL PURPOSES
dc.subject CURRENCY
dc.subject CURRENT LAWS
dc.subject CUSTOMER IDENTIFICATION
dc.subject DEBIT CARDS
dc.subject DENIAL OF ACCESS
dc.subject DEPOSIT
dc.subject DEPOSITORY
dc.subject DEPOSITORY INSTITUTIONS
dc.subject DEPOSITS
dc.subject DEVELOPING COUNTRIES
dc.subject DEVELOPMENT BANK
dc.subject DEVELOPMENT BANKS
dc.subject DONOR FUNDING
dc.subject DOUBLE BOTTOM LINE
dc.subject DRUG TRAFFICKING
dc.subject DUE DILIGENCE
dc.subject DUE DILIGENCE REQUIREMENTS
dc.subject ECONOMIC DEVELOPMENT
dc.subject ELECTRONIC MONEY
dc.subject EMPLOYER
dc.subject EQUIPMENT
dc.subject EXCHANGE RATES
dc.subject EXPOSURE
dc.subject EXTERNAL AUDITS
dc.subject FINANCIAL ACTIVITY
dc.subject FINANCIAL CRIMES
dc.subject FINANCIAL INSTITUTION
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL INSTRUMENTS
dc.subject FINANCIAL INTELLIGENCE
dc.subject FINANCIAL INTERMEDIARIES
dc.subject FINANCIAL MARKET
dc.subject FINANCIAL MARKETS
dc.subject FINANCIAL PRODUCTS
dc.subject FINANCIAL REGULATION
dc.subject FINANCIAL SECTOR DEVELOPMENT
dc.subject FINANCIAL SERVICE
dc.subject FINANCIAL SERVICE PROVIDER
dc.subject FINANCIAL SERVICE PROVIDERS
dc.subject FINANCIAL SERVICES PROVIDERS
dc.subject FINANCIAL SUPPORT
dc.subject FINANCIAL SYSTEM
dc.subject FINANCIAL SYSTEMS
dc.subject FINANCIAL TRANSACTIONS
dc.subject FOREIGN DIRECT INVESTMENT
dc.subject FOREIGN EXCHANGE
dc.subject FORMAL FINANCIAL SECTOR
dc.subject FORMAL FINANCIAL SERVICES
dc.subject FUNDS TRANSFERS
dc.subject FUTURES
dc.subject GENERAL PUBLIC
dc.subject GLOBAL PAYMENTS
dc.subject GRAPHICS
dc.subject GREATER ACCESS
dc.subject GROUP LENDING
dc.subject HOUSEHOLDS
dc.subject HUMAN RESOURCE
dc.subject HUMAN RESOURCE CAPACITY
dc.subject HUMAN RESOURCE POLICIES
dc.subject ID
dc.subject IDENTIFICATION REQUIREMENTS
dc.subject IDENTITY CARD
dc.subject ILLICIT ACTIVITIES
dc.subject ILLICIT ACTIVITY
dc.subject INCOME
dc.subject INCOME TAX
dc.subject INFORMATION EXCHANGE
dc.subject INFORMATION SHARING
dc.subject INFORMATION SYSTEMS
dc.subject INSTITUTIONAL CAPACITY
dc.subject INSURANCE COMPANY
dc.subject INTEREST RATE
dc.subject INTERNAL AUDITOR
dc.subject INTERNAL CONTROL
dc.subject INTERNAL CONTROLS
dc.subject INTERNATIONAL BEST PRACTICE
dc.subject INTERNATIONAL COOPERATION
dc.subject INTERNATIONAL FINANCIAL MARKETS
dc.subject INTERNATIONAL STANDARDS
dc.subject INVESTMENT CAPITAL
dc.subject JURISDICTION
dc.subject JURISDICTIONS
dc.subject LAW ENFORCEMENT
dc.subject LEGAL PROTECTION
dc.subject LEVEL OF SECURITY
dc.subject LICENSE
dc.subject LIFE INSURANCE
dc.subject LIQUID SECURITIES
dc.subject LOAN INSTITUTIONS
dc.subject LOAN OFFICERS
dc.subject LOAN SIZES
dc.subject LOCAL BANKS
dc.subject MFI
dc.subject MFIS
dc.subject MICROCREDIT
dc.subject MICROFINANCE
dc.subject MICROFINANCE INSTITUTION
dc.subject MICROFINANCE INSTITUTIONS
dc.subject MICROINSURANCE
dc.subject MIDDLE-INCOME ECONOMIES
dc.subject MONEY LAUNDERERS
dc.subject MONEY LAUNDERING
dc.subject MONEY LAUNDERING ACTIVITY
dc.subject MONEY MARKET
dc.subject MONEY ORDERS
dc.subject MONEY TRANSFERS
dc.subject MORTGAGE
dc.subject MORTGAGE CREDIT
dc.subject NEW TECHNOLOGIES
dc.subject NEW TECHNOLOGY
dc.subject NONPROFIT ORGANIZATIONS
dc.subject OPERATIONAL COST
dc.subject OUTSTANDING BALANCE
dc.subject OWNERSHIP STRUCTURES
dc.subject PAYMENT SYSTEM
dc.subject PAYMENTS NETWORK
dc.subject PAYMENTS SYSTEM
dc.subject PDF
dc.subject PHOTO
dc.subject PHOTO ID
dc.subject POOR CLIENTS
dc.subject PORTFOLIO
dc.subject PORTFOLIO MANAGEMENT
dc.subject POSTAL BANK
dc.subject POSTAL BANKS
dc.subject POSTAL SAVINGS
dc.subject PRIVATE BANKING
dc.subject PUBLIC POLICY
dc.subject PUBLIC RECORD
dc.subject REAL ESTATE
dc.subject RECORD KEEPING
dc.subject REGULATORS
dc.subject REGULATORY REGIMES
dc.subject REMITTANCE
dc.subject REMITTANCES
dc.subject REPUTATION
dc.subject REPUTATION RISKS
dc.subject REPUTATIONS
dc.subject RESULT
dc.subject RESULTS
dc.subject RISK ANALYSIS
dc.subject RISK MANAGER
dc.subject RISK OF FRAUD
dc.subject RISK OF MONEY LAUNDERING
dc.subject RURAL BANKS
dc.subject RURAL CREDIT
dc.subject RURAL CREDIT COOPERATIVES
dc.subject SAVINGS ACCOUNTS
dc.subject SAVINGS BANK
dc.subject SAVINGS BANKS
dc.subject SECURITIES
dc.subject SECURITIES ISSUES
dc.subject SERVICES TO CLIENTS
dc.subject SHAREHOLDERS
dc.subject SIGNATURE
dc.subject SMALL LOAN
dc.subject SMALL LOANS
dc.subject STATE BANK
dc.subject SUPERVISION
dc.subject SUSPICIOUS ACTIVITIES
dc.subject TECHNICAL ASSISTANCE
dc.subject TERRORISM
dc.subject TERRORIST
dc.subject TERRORIST ATTACK
dc.subject TERRORIST ORGANIZATIONS
dc.subject TRANSACTION
dc.subject TRANSACTION REPORTING
dc.subject TRANSFERABLE SECURITIES
dc.subject TRANSPARENCY
dc.subject TREASURY
dc.subject USES
dc.subject VERIFICATION
dc.subject VILLAGE
dc.subject VILLAGES
dc.subject VOLATILITY
dc.subject VOLUNTARY DEPOSIT
dc.subject WEAK ENFORCEMENT
dc.subject WEB
dc.subject WEB SITE
dc.subject WIRE TRANSFERS
dc.subject WORKING CAPITAL
dc.title AML/CFT Regulation : Implications for Financial Service Providers that Serve Low-Income People en
dspace.entity.type Publication
okr.date.disclosure 2012-05-21
okr.doctype Economic & Sector Work :: Other Financial Sector Study
okr.doctype Economic & Sector Work
okr.docurl http://documents.worldbank.org/curated/en/2005/07/16277997/amlcft-regulation-implications-financial-service-providers-serve-low-income-people
okr.globalpractice Finance and Markets
okr.globalpractice Transport and ICT
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000427087_20120521141623
okr.identifier.internaldocumentum 16277997
okr.identifier.report 68923
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/21/000427087_20120521141623/Rendered/PDF/689230BRI0P1160ome0People0July02005.pdf en
okr.topic Private Sector Development :: E-Business
okr.topic Finance and Financial Sector Development :: E-Finance and E-Security
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Private Sector Development :: Emerging Markets
okr.topic Finance and Financial Sector Development :: Access to Finance
okr.unit Consultative Group to Assist Poor
okr.volume 1 of 1
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