Welcome to the digital.law repository at the University of Washington

[8WashJLTech&Arts0165] The 2012 Revised FATF Recommendations: Assessing and Mitigating Mobile Money Integrity Risks Within the New Standards Framework

Show simple item record

dc.contributor.author de Koker, Louis
dc.date.accessioned 2013-02-06T16:11:20Z
dc.date.available 2013-02-06T16:11:20Z
dc.date.issued 2013-02
dc.identifier.citation 8 WASH. J.L. TECH.& ARTS 165 (2013) en_US
dc.identifier.issn 2157-2534
dc.identifier.uri http://hdl.handle.net/1773.1/1196
dc.description Washington Journal of Law, Technology & Arts, volume 8, Issue 3, 2013. Special Symposium issue entitled "Mobile Money in Developing Countries: Financial Inclusion and Financial Integrity. en_US
dc.description.abstract Louis de Koker, Chair of Law, Deakin University, Australia; Visiting Professor, University of Johannesburg; Visiting Scholar, George Washington University School of Law. Abstract: Mobile money holds great financial inclusion promise, but also poses financial integrity challenges. The Financial Action Task Force (FATF)—the intergovernmental global anti-money laundering (AML) and counter-terrorist financing (CTF) standard-setting body—expressed support for financial inclusion and mobile money as a means to decrease the use of non-transparent cash in many developing countries. In February 2012, FATF adopted a new revised set of standards. This Article considers the impact of these new standards on mobile money models in developing countries. It highlights aspects of the new standards that would facilitate innovative mobile money models, but also points to questions and challenges. The new standards are generally more facilitative of new financial services models for the unbanked and underbanked, but a number of key questions and implementation challenges remain. These include mobile money-related privacy and cyber-crime concerns. en_US
dc.language.iso en_US en_US
dc.publisher Seattle: Washington Journal of Law, Technology & Arts, University of Washington School of Law en_US
dc.subject Intellectual Property en_US
dc.subject Mobile Money in Developing Countries: Financial Inclusion and Financial Integrity en_US
dc.title [8WashJLTech&Arts0165] The 2012 Revised FATF Recommendations: Assessing and Mitigating Mobile Money Integrity Risks Within the New Standards Framework en_US
dc.type Article en_US
dc.rights.holder Copyright Louis de Koker en_US


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search digital.law


Advanced Search

Browse

My Account