AML/CFT Regulations : Balancing Security with Access

Across 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.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	Washington, DC 2006-04
Subjects:	ANTI-MONEY LAUNDERING, BANKS, CLIENT IDENTIFICATION, CONSUMER, CONSUMER GROUPS, CONVENTIONAL BANKS, DEPOSITS, DUE DILIGENCE, E-MAIL, FINANCIAL ACTION, FINANCIAL INSTITUTIONS, FINANCIAL PRODUCTS, FINANCIAL SERVICE, FINANCIAL SERVICE PROVIDERS, FINANCIAL SERVICES, FINANCIAL SERVICES AUTHORITY, FINANCIAL SYSTEM, FORMAL FINANCIAL SERVICES, GLOBAL FINANCIAL SYSTEM, IDENTIFICATION SYSTEMS, INSURANCE, INSURANCE SERVICES, INTERNAL CONTROLS, LAW ENFORCEMENT, LOAN, LOAN FUNDS, LOW-INCOME, LOW-INCOME PEOPLE, MATERIAL, MICROCREDIT, MICROFINANCE, MONEY LAUNDERING, MONEY TRANSFER, MONEY TRANSFERS, NONPROFIT ORGANIZATION, PAYMENTS SYSTEM, PDF, POST OFFICE, REGULATORS, REGULATORY REGIMES, REPUTATION, RESULT, SAVINGS, TAX, TERRORISM, TERRORIST, TRANSACTION, TRANSACTION ACCOUNT, UTILITY BILL, VERIFICATION, WEB,
Online Access:	http://documents.worldbank.org/curated/en/2006/04/9648233/amlcft-regulations-balancing-security-access https://hdl.handle.net/10986/9622
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