Publications in 2011
Protecting Mobile Money against Financial Crimes: Global Policy Challenges and Solutions
The World Bank, through the Financial Market Integrity Group, published a report on how to protect Mobile Money against financial crimes. The project aimed at providing practical guidance to jurisdictions and the Industry on how to draft regulations and internal guidelines that allow them to comply with AML/CFT standards with enough flexibility for mobile money to thrive. Specifically, the paper (1) takes stock of new AML/CFT regulations and practices relevant to Mobile money, (2) designs guidelines for drafting AML/CFT regulations that cover mobile money and (3) proposes examples of best practices for the Industry to include AML/CFT in their own business model.
Source: World Bank