Integrity in Mobile Phone Financial Services: Measures for Mitigating the Risks from Money Laundering and Terrorist Financing: Measures for Mitigating ... Financing (World Bank Working Papers)

Integrity in Mobile Phone Financial Services 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 public distrust of new players entering the market. Sustainable business models are those that base regulation on a careful risk-based analysis. This study identifies the perceived risks and compares them with the actual level of risk for each category of mobile phone financial services. The comparison reveals that the perceptions do not weigh up to the reality. Based ...