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

World Bank

Washington, DC

关键词: ACCESS TO FINANCIAL SERVICES;    ACCESS TO SERVICES;    ACCOUNT HOLDERS;    ACTS OF TERRORISM;    ADVERSE EFFECTS;   

RP-ID  :  68923

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This report on anti-money laundering(AML) and combating the financing of terrorism (CFT)regulation addresses the consequences of these regulationson low-income people. The introduction of new or tightenedAML/CFT regulations may have the unintended and undesirableconsequence of reducing the access of low-income individualsto formal financial services. As a means to avoid thisoutcome, this paper argues in favor of gradualimplementation of new measures; the adoption of a risk-basedapproach to regulation; and the use of exemptions forlow-risk categories of transactions.