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

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

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 [...]
Vulnerabilities and risks at departmental level – key learnings from country engagements in Africa
Illicit financial flows (IFFs) represent some of the worst crimes and are a major contributor to corruption and development challenges across the [...]
Capitec holds true to its slogan “Its Banking Just Simpler” by removing proof of address
Despite the growing redundancy of the proof of address requirement, it continues to present an obstacle to the unbanked and underbanked populations [...]
COVID-19 and remittances to Africa: What can we do?
The COVID-19 pandemic has exposed the vulnerability of people, and the financial and other systems that underpin much of our daily existence. [...]
An analysis of ID proxy initiatives across the globe
BankservAfrica and Cenfri investigate the role of ID proxy initiatives in transforming payment ecosystems in Africa and beyond.   Real-time instant [...]
The importance of indicators in combatting illicit financial flows
The problem of illicit financial flows is recognised in the SDGs yet little progress has been made in combatting them Illicit financial flows (IFFs) [...]
Know-your-customer (KYC) innovation and integrity
Read our latest report with the Alliance for Financial Inclusion (AFI) exploring KYC innovations It is estimated that approximately one billion [...]
Proof of Address must fall
We all know that sinking feeling when the bank tells you that the proof of address you brought does not meet the required standard. You then have to [...]
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 [...]