Integrity in Mobile Phone Financial Services Measures for Mitigating the Risks from Money Laundering and Terrorist Financing

• Main Authors: Chatain, Pierre-Laurent, Hernandez-Cross, Raul, Borowik, Kamil, Zerzan, Andrew
• Format: eBook Book
• Language: English
• Published: Herndon World Bank Publications 2008; The World Bank; Washington, DC : World Bank
• Edition: 1
• Series: World Bank Working Papers
• Subjects: ACCESS TO CREDIT; ACCESS TO PRODUCTS; ACCOUNT HOLDER; ACCOUNT HOLDERS; ATM; ATMS; AUTHENTICATION; BANK ACCOUNT; BANK ACCOUNTS; BANK BRANCH; BANK BRANCHES; BANK NEGARA MALAYSIA; BANK OF KOREA; BANKERS ASSOCIATION; Banking; BANKING RELATIONSHIP; BANKING SERVICES; BASIC BANKING; BEST PRACTICES; BUSINESS ENVIRONMENT; BUSINESS HOURS; BUSINESS MODEL; BUSINESS MODELS; BUSINESS OPPORTUNITIES; BUSINESS RELATIONSHIPS; BUSINESS TO BUSINESS; BUSINESSES; CALCULATIONS; CALL CENTER; CAPABILITIES; CAPITAL MARKETS; CELL PHONE; Cell phone systems; CELL PHONES; CERTIFICATE; CHECKS; COMMERCIAL BANKS; Commercial crimes; COMMUNICATIONS PLATFORMS; COMMUNICATIONS TECHNOLOGY; COMPETITIVE ADVANTAGES; CONSULTING FIRM; CONSUMER; CONSUMER PROTECTION; CONSUMERS; COPYRIGHT; CREDIT CARD; CREDIT CARD BALANCES; CREDIT CARD COMPANIES; CREDIT CARD COMPANY; CREDIT CARD TRANSACTIONS; CREDIT LIMIT; CREDIT LINES; CREDITS; CRIMINAL PURPOSES; CUSTOM; CUSTOMER DEMAND; CUSTOMER DEMANDS; CUSTOMER PROFILE; CUSTOMER PROFILING; CUSTOMER RELATIONSHIPS; DATA INTEGRITY; DEPOSIT; DEPOSITS; DEVELOPMENT BANK; E-SIGNATURE; ECONOMIC DEVELOPMENT; ELECTRONIC BANKING; Electronic commerce; ELECTRONIC CURRENCIES; ELECTRONIC CURRENCY; ELECTRONIC FINANCE; ELECTRONIC FUNDS; ELECTRONIC FUNDS TRANSFER; ELECTRONIC FUNDS TRANSFERS; ELECTRONIC SIGNATURE; ENABLING ENVIRONMENT; ENABLING ENVIRONMENTS; EXCHANGE RATES; FINANCIAL ABUSE; FINANCIAL ACTION; FINANCIAL INFORMATION; FINANCIAL INSTITUTION; FINANCIAL INSTITUTIONS; FINANCIAL MARKET; FINANCIAL PRODUCT; FINANCIAL PRODUCTS; FINANCIAL REGULATORS; FINANCIAL SECTOR; FINANCIAL SERVICE; FINANCIAL SERVICE PROVIDERS; FINANCIAL SERVICES; FINANCIAL SYSTEM; FINANCIAL SYSTEMS; FINANCIAL TRANSACTION; FINANCIAL TRANSACTIONS; FOREIGN CURRENCY; FOREIGN EXCHANGE; FRAUD; FUNCTIONALITY; GROWTH POTENTIAL; HOME BANKING; HOME BANKING SERVICES; IDS; ILLITERACY; INCOME LEVEL; Information and communication technologies; INFORMATION SERVICES; INFORMATION TECHNOLOGY; INFRASTRUCTURE DEVELOPMENT; INNOVATION; INSTITUTIONAL CAPACITY; INSURANCE; INSURANCE COMPANIES; INTERNATIONAL LAW; INTERNATIONAL STANDARDS; Internet; JOINT VENTURE; LACK OF INFORMATION; LAW ENFORCEMENT; LAWS; LICENSE; LICENSES; LIMITED ACCESS; LOAN; LOAN DISBURSEMENT; LOW COST; LOW COSTS; LOW INCOME; LOW-INCOME PEOPLE; MARKET ACCESS; MATERIAL; MOBILE COMMERCE; MOBILE COMMUNICATIONS; MOBILE DEVICE; MOBILE PHONE; MOBILE PHONES; MOBILE SERVICE; MOBILE SERVICES; MOBILE TELEPHONE; MOBILE TRANSACTION; MOBILE TRANSACTIONS; MOBILE USERS; MONETARY AUTHORITY; MULTIMEDIA; NATIONAL BANK; NETWORKS; NEW MARKETS; NEW TECHNOLOGIES; ONLINE BANKING; ONLINE SERVICES; ONLINE TRANSACTIONS; PAYMENT METHODS; PAYMENT SERVICE; PAYMENT SERVICES; PAYMENT SYSTEM; PAYMENT SYSTEMS; PERSONAL INFORMATION; PHYSICAL PRESENCE; POINT OF SALE; Prevention; PRIVATE SECTOR; PRIVATE SECTOR DEVELOPMENT; PRIVATE SECTORS; PROBABILITY; PRODUCTIVITY; PROTOCOLS; QUERIES; RAPID DEVELOPMENT; REAL ESTATE; REGISTRY; REGULATORY FRAMEWORK; REGULATORY FRAMEWORKS; REPAYMENTS; RESERVE BANK; RESPONSIBILITIES; RESULT; RESULTS; RETAIL OUTLETS; RETAIL STORES; RISK ASSESSMENTS; RISK FACTOR; RISK FACTORS; RISK MANAGEMENT; SAVINGS; SECURITIES; SECURITY CODE; SECURITY FEATURES; Security measures; SERVICE PROVIDER; SERVICE PROVIDERS; SOCIAL INSURANCE; SOCIAL SECURITY; STAKEHOLDER; STAKEHOLDERS; STOCK EXCHANGE; STOCKS; SUBSIDIARY; SUM OF MONEY; SUPERVISION; SUPPORT STAFF; TECHNICAL ASSISTANCE; TELECOM; TELECOMMUNICATION; TELECOMMUNICATIONS; TELECOMMUNICATIONS AUTHORITY; TELECOMMUNICATIONS COMPANY; TELEPHONE; TELEPHONE BANKING; TELEPHONE SYSTEMS; TERRORISM; TRACEABILITY; TRADITIONAL BANKING; TRADITIONAL FINANCIAL INSTITUTION; TRADITIONAL FINANCIAL INSTITUTIONS; TRANSACTION; TRANSACTION SERVICES; TRANSACTION SPEED; UNAUTHORIZED ACCESS; UNAUTHORIZED USERS; UNIQUE ID; USER; USERS; USES; VERIFICATION; WIRE TRANSFER; WIRELESS ACCESS; WIRELESS APPLICATION PROTOCOL; WIRELESS SERVICE; WITHDRAWAL; ELECTRONIC FUNDS; MOBILE PHONE; RESULTS; QUERIES; IMAGE; DATA INTEGRITY; LICENSES; COPYRIGHT; FINANCIAL SERVICES; MATERIAL

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 publi...