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Integrity – AML/CFT and Combatting Illicit Flows

Anti-money laundering (AML) and combatting the financing of terrorism (CFT) regulation in combatting illicit flows is currently one of the primary international financial-sector standards that may, if not carefully implemented, have an impact on financial inclusion.

We seek to support compliance with international standards in a manner that does not unnecessarily affect financial-sector development and inclusion. We’ve conducted extensive research in the area of financial integrity as part of our Risk, Remittances and Integrity programme and beyond, across Africa, Latin America and Asia.

The Latest in Integrity – AML/CFT and Combatting Illicit Flows

Illicit financial flows: A financial integrity perspective
How do we understand illicit financial flows from a financial integrity perspective?  Illicit financial flows (IFFs) are understood to have a [...]
Making consumers interoperable: Biometrics and financial inclusion in sub-Saharan Africa
A recent study by the World Bank shows that as many as 1.1 billion people live without basic proof of identity. Being able to prove one’s identity [...]
Biometrics and financial inclusion: A roadmap for implementing biometric identity systems in sub-Saharan Africa
The World Bank (2017) estimates that 1.1 billion people live without proof of identity. Nearly 50% of these people live in sub-Saharan Africa, where [...]
Inclusive Financial Integrity: Guidance Note
Countries in the sub-Saharan Africa (SSA) region have been on a development curve in setting up effective Anti-Money Laundering (AML) and Combatting [...]
Risk, Remittances and Integrity Programme
The five-year RRI programme is a partnership between FSD Africa and Cenfri. Its aim is to improve welfare and boost investment growth in sub-Saharan [...]
Secure in Exclusion
Opening a bank account in South Africa can be a frustrating experience. First, you need to pull together an inventory of documents (proof of income, [...]
Conservative compliance behaviour in South Africa
The quest for inclusive financial markets is a challenge for both business and regulatory models as it requires new and largely unknown portions of [...]
The impact of RICA on financial inclusion in South Africa
In 2009, the South African government amended the Regulation of Interception of Communications Act (RICA) by introducing identification and [...]
Implementing FATF standards in developing countries
This study was conducted by Genesis Analytics, with the participation of Cenfri members, under the guidance of a steering committee consisting of [...]