How a Know-Your-Customer Utility Could Increase Access to Financial Services in Emerging Markets

• Tác giả: Manuela Adl
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.17 Banking services
• Thông tin xuất bản: International Finance Corporation, Washington, DC, 2019
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 317720
• Chủ đề: 1. ACCESS TO FINANCE; 2. ANTI-MONEY LAUNDERING; 3. COMBATING THE FINANCING OF TERRORISM; 4. EMERGING MARKET ECONOMIES; 5. FINANCIAL SERVICES

Tóm tắt

Global efforts to counter terrorism financing and money laundering have led banks to terminaterelationships with some communities, businesses, and individuals around the world. When a financialinstitution or intermediary cannot easily judge the identity and associated risks of a customer, it is often more efficient to avoid transacting with that customer altogether. This may disproportionately affect small banks, small firms, and low-income individuals in emerging and developing economies. This Compass Note explores an innovative solution that could help improve customer due diligence through a Know-Your-Customer (KYC) utility.