World Bank2012-08-132012-08-132006-04https://hdl.handle.net/10986/9622Across the world, new measures are being introduced to combat money laundering and the financing of terrorism. Once the concern primarily of banks, governments have expanded regulations and requirements for compliance since the late 1990s. Now all financial service providers, including those working with low-income communities, are or will be affected. As a result, the new international framework and national measures for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) could have far-reaching effects.CC BY 3.0 IGOANTI-MONEY LAUNDERINGBANKSCLIENT IDENTIFICATIONCONSUMERCONSUMER GROUPSCONVENTIONAL BANKSDEPOSITSDUE DILIGENCEE-MAILFINANCIAL ACTIONFINANCIAL INSTITUTIONSFINANCIAL PRODUCTSFINANCIAL SERVICEFINANCIAL SERVICE PROVIDERSFINANCIAL SERVICESFINANCIAL SERVICES AUTHORITYFINANCIAL SYSTEMFORMAL FINANCIAL SERVICESGLOBAL FINANCIAL SYSTEMIDENTIFICATION SYSTEMSINSURANCEINSURANCE SERVICESINTERNAL CONTROLSLAW ENFORCEMENTLOANLOAN FUNDSLOW-INCOMELOW-INCOME PEOPLEMATERIALMICROCREDITMICROFINANCEMONEY LAUNDERINGMONEY TRANSFERMONEY TRANSFERSNONPROFIT ORGANIZATIONPAYMENTS SYSTEMPDFPOST OFFICEREGULATORSREGULATORY REGIMESREPUTATIONRESULTSAVINGSTAXTERRORISMTERRORISTTRANSACTIONTRANSACTION ACCOUNTUTILITY BILLVERIFICATIONWEBWorld Bank10.1596/9622