UID:
almafu_9958125297802883
Format:
xiv, 80 pages :
,
illustrations ;
,
26 cm.
Edition:
1st ed.
ISBN:
1-281-38590-5
,
9786611385903
,
0-8213-7557-1
Series Statement:
World Bank working paper ; no. 146
Content:
Governments are challenged to make an innovation-friendly climate while simultaneously ensuring that business development remain sustainable. Criminal use of the technology-terrorist financing and money laundering-challenges long-run business viability via risk of massive investment flight and public distrust of new players entering the market. Sustainable business models are those that base regulation on a careful risk-based analysis. This study identifies the perceived risks and compares them with the actual level of risk for each category of mobile phone financial services. The comparison r
Note:
Description based upon print version of record.
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Contents; Foreword; Acknowledgments; Abbreviations and Acronyms; Executive Summary.; 1. Introduction; Background; Objective; Scope and Target Audience; Geographical Coverage; Outline; 2. m-FS Growth Potential and Concerns; m-FS Offers Unique Economic Development Potential; Box 1. m-FS Increases Access to Financial Services; m-FS Development Demands a Convergence of Stakeholder Incentives; Figure 1. Convergence of Stakeholders' Incentives Results in m-FS Growth; Perceived ML and TF Risks and the Case for Regulation; Table 1. The Four Identified Risk Factors
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Market Access and the Case for Regulatory BalanceBox 2. Suspicious Activities Using Mobile Phones: The Case of Korea; New Challenges to Old Risk Analysis Methods; 3. Analyzing and Responding to ML and TF Risks: Observations of Applied Practices; New Framework for Risk Analysis; Box 3. Framework for Risk Analysis; Figure 2. Mobile Financial Information Services (m-fINFO); ML and TF Risks Inherent in the Four m-FS Service Categories; Figure 3. Mobile Bank and Securities Accounts (m-BSA); Box 4. Risk-based Determination of Transaction Limits: The Case of Korea
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Table 2. Possible ML and TF Risks and Observed Control Measures for m-BSAFigure 4. Mobile Payment Services (m-Payments); Figure 5. Mobile Money Services (m-Money); ML and TF Risks External to m-FS Service Categories; Table 3. Concurrent Use of m-FS; Figure 6. Concurrent Use of m-FS; Box 5. Collaboration through Regulatory Dialogues; Table 4. Observed m-FS Licensing and AML and CFT Compliance Requirements; Box 6. IT Supervisory Core Group at a Central Bank; Observed Mitigation Responses and their Consistency with FATF Recommendations; 4. Applying FATF Recommendations to m-FS
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Box 7. Guidelines Designed by Financial InstitutionsTable 5. Most Relevant FATF Recommendations for Risk-Based Consideration; Application of AML and CFT Standards to All m-FS Providers; 5. Conclusions and Policy Recommendations; Conclusions; Policy Recommendations and Issues for Consideration; Figure 7. Soaring Market for Mobile Connections and SMS; Appendix A. m-FS Growth; Table 6. Factors Contributing to Growth of m-FS; Table 7. m-fINFO in Visited Jurisdictions; Appendix B. Types of m-FS and m-FS Services Observed in Fieldwork; Table 8. m-BSA in Visited Jurisdictions
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Table 9. m-Payments in Visited JurisdictionsTable 10. m-Money in Visited Jurisdictions; Appendix C.Mitigation Measures for m-BSA; Box 8. Non-face-to-face Risk Mitigation Responses: The Case of South Africa; Box 9. Customer Profiling Systems for AML and CFT; Table 11. Observed Limits on m-FS Transactions, USD (2007); Box 10. Korean Rules for Detecting m-BSA Suspicious Transactions; Appendix D.Mitigation Measures for m-Money; Appendix E. The Financial Action Task Force (FATF); Appendix F.Overview of m-FS Risk Identification and Mitigation; Glossary; Bibliography; Author Biographies
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English
Additional Edition:
ISBN 0-8213-7556-3
Language:
English
Keywords:
Electronic books.
URL:
http://elibrary.worldbank.org/doi/book/10.1596/978-0-8213-7556-3
URL:
Volltext
(URL des Erstveröffentlichers)
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