Now reading: Financial Integrity & Identity

Financial Integrity & Identity


With an emphasis on inclusive financial integrity, Cenfri provides technical assistance, tools and skills building to policymakers, regulators, supervisors and compliance heads looking to apply risk-based and outcomes accountable approaches to money laundering, terrorism financing and proliferation-financing risk strategies. Combining our understanding of relevant risks, familiarity with the FATF guidelines, knowledge of identity and identity-proofing capabilities and leveraging our competency in risk data analytics, we support financial service value chains undertake assessments from national level to the financial product level, thereby enabling the adoption of appropriate customer due diligence practices. 

Cenfri is committed to assisting countries to move off the grey list responsibly, shaping national risk assessment processes with empirical data and working with remittance services’ compliance managers to ensure that low-income households are not disproportionately affected in receiving low-value remittances. 

We are interested in mitigating the longer-term impact of illicit financial flows using digital technology (regtech, suptech and AI) to evaluate and monitor illicit flows and enhance inclusive financial integrity.

We have worked with BankServ Africa, FSD Africa, GIZ, IFAD’s Financing Facility for Remittances, UNCDF and AFI on a range of financial integrity and identity projects.

Identity proofing for COVID-19 recovery
Financial Integrity & Identity

Identity proofing for COVID-19 recovery

Guidance for regulators, financial service providers and market facilitators Globally, millions of people are excluded from accessing the formal financial services that meet their needs. This is at least partly due to the way the Financial Action Task Force (FATF) recommendations are implemented by countries, and customers needing to provide

De-risking in Africa
Financial Integrity & Identity

De-risking in Africa: Illicit financial flows and regional economic hubs

Recent years have seen large scale de-risking and financial exclusion happening in developing countries, particularly those countries that most need capital flows to finance social services, aid and development. Where regional economic hubs are de-risked, it has a profound effect on the developmental outcomes for the hub itself as well

Regional economic hubs in sub-Saharan Africa
Financial Integrity & Identity

Regional economic hubs in sub-Saharan Africa

Recent years have seen large scale de-risking and financial exclusion happening in developing countries, particularly those countries that most need capital flows to finance social services, aid and development. Where regional economic hubs are de-risked, it has a profound effect on the developmental outcomes for the hub itself as well

Digital identity and financial inclusion
Financial Inclusion

Digital identity and financial inclusion

How digitising customer due diligence can strengthen providers during COVID-19 and beyond For the last two decades, financial inclusion practitioners have been addressing the barriers that prevent adults from accessing and using financial services that can improve their livelihoods. One of the major barriers, originally uncovered by FinMark Trust in

SHARE Inclusive Integrity Toolkit
Financial Integrity & Identity

Inclusive Integrity Toolkit

Alliance for Financial Inclusion (AFI) in conjunction with Cenfri and supported by FSD Africa are pleased to officially launch the Inclusive Financial Integrity Toolkit. Countries in the sub-Saharan Africa (SSA) region have been on a development curve in setting up effective Anti-Money Laundering (AML) and Combating the Financing of Terrorism

Illicit financial flows
Financial Integrity & Identity

Finding the missing pieces of the puzzle: using regtech to combat illicit financial flows

Modern financial crime has evolved significantly over the last few decades. Detecting these global networks of sophisticated crime has become more complicated than solving a thousand-piece puzzle in minutes and with half the pieces missing; humanly impossible. This is the kind of complexity that faces the authorities and institutions at

regional digital financial identity
Financial Integrity & Identity

Why it’s time for Africa to adopt a regional digital financial identity

According to the World Bank Group’s Identification for Development, 1.1 billion people globally, including women, children and refugees, lack any form of officially recognised identification. This is a significant obstacle to financial inclusion and other development efforts, and the global community is increasingly focused on addressing the problem. For instance, the