LEADER 05729nam 22007094a 450 001 9910454165303321 005 20200520144314.0 010 $a1-281-38590-5 010 $a9786611385903 010 $a0-8213-7557-1 035 $a(CKB)1000000000536113 035 $a(EBL)459379 035 $a(OCoLC)320325275 035 $a(SSID)ssj0000087651 035 $a(PQKBManifestationID)11998977 035 $a(PQKBTitleCode)TC0000087651 035 $a(PQKBWorkID)10054740 035 $a(PQKB)11542852 035 $a(MiAaPQ)EBC459379 035 $a(Au-PeEL)EBL459379 035 $a(CaPaEBR)ebr10233400 035 $a(CaONFJC)MIL138590 035 $a(EXLCZ)991000000000536113 100 $a20080325d2008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aIntegrity in mobile phone financial services$b[electronic resource] $emeasures for mitigating risks from money laundering and terrorist financing /$fPierre-Laurent Chatain ... [et al.] 210 $aWashington, D.C. $cWorld Bank$dc2008 215 $a1 online resource (98 p.) 225 1 $aWorld Bank working paper ;$vno. 146 300 $aDescription based upon print version of record. 311 $a0-8213-7556-3 320 $aIncludes bibliographical references. 327 $aContents; Foreword; Acknowledgments; Abbreviations and Acronyms; Executive Summary.; 1. Introduction; Background; Objective; Scope and Target Audience; Geographical Coverage; Outline; 2. m-FS Growth Potential and Concerns; m-FS Offers Unique Economic Development Potential; Box 1. m-FS Increases Access to Financial Services; m-FS Development Demands a Convergence of Stakeholder Incentives; Figure 1. Convergence of Stakeholders' Incentives Results in m-FS Growth; Perceived ML and TF Risks and the Case for Regulation; Table 1. The Four Identified Risk Factors 327 $aMarket Access and the Case for Regulatory BalanceBox 2. Suspicious Activities Using Mobile Phones: The Case of Korea; New Challenges to Old Risk Analysis Methods; 3. Analyzing and Responding to ML and TF Risks: Observations of Applied Practices; New Framework for Risk Analysis; Box 3. Framework for Risk Analysis; Figure 2. Mobile Financial Information Services (m-fINFO); ML and TF Risks Inherent in the Four m-FS Service Categories; Figure 3. Mobile Bank and Securities Accounts (m-BSA); Box 4. Risk-based Determination of Transaction Limits: The Case of Korea 327 $aTable 2. Possible ML and TF Risks and Observed Control Measures for m-BSAFigure 4. Mobile Payment Services (m-Payments); Figure 5. Mobile Money Services (m-Money); ML and TF Risks External to m-FS Service Categories; Table 3. Concurrent Use of m-FS; Figure 6. Concurrent Use of m-FS; Box 5. Collaboration through Regulatory Dialogues; Table 4. Observed m-FS Licensing and AML and CFT Compliance Requirements; Box 6. IT Supervisory Core Group at a Central Bank; Observed Mitigation Responses and their Consistency with FATF Recommendations; 4. Applying FATF Recommendations to m-FS 327 $aBox 7. Guidelines Designed by Financial InstitutionsTable 5. Most Relevant FATF Recommendations for Risk-Based Consideration; Application of AML and CFT Standards to All m-FS Providers; 5. Conclusions and Policy Recommendations; Conclusions; Policy Recommendations and Issues for Consideration; Figure 7. Soaring Market for Mobile Connections and SMS; Appendix A. m-FS Growth; Table 6. Factors Contributing to Growth of m-FS; Table 7. m-fINFO in Visited Jurisdictions; Appendix B. Types of m-FS and m-FS Services Observed in Fieldwork; Table 8. m-BSA in Visited Jurisdictions 327 $aTable 9. m-Payments in Visited JurisdictionsTable 10. m-Money in Visited Jurisdictions; Appendix C.Mitigation Measures for m-BSA; Box 8. Non-face-to-face Risk Mitigation Responses: The Case of South Africa; Box 9. Customer Profiling Systems for AML and CFT; Table 11. Observed Limits on m-FS Transactions, USD (2007); Box 10. Korean Rules for Detecting m-BSA Suspicious Transactions; Appendix D.Mitigation Measures for m-Money; Appendix E. The Financial Action Task Force (FATF); Appendix F.Overview of m-FS Risk Identification and Mitigation; Glossary; Bibliography; Author Biographies 330 $aGovernments are challenged to make an innovation-friendly climate while simultaneously ensuring that business development remain sustainable. Criminal use of the technology-terrorist financing and money laundering-challenges long-run business viability via risk of massive investment flight and public distrust of new players entering the market. Sustainable business models are those that base regulation on a careful risk-based analysis. This study identifies the perceived risks and compares them with the actual level of risk for each category of mobile phone financial services. The comparison r 410 0$aWorld Bank working paper ;$vno. 146. 606 $aHome banking services$xSecurity measures 606 $aElectronic funds transfers$xSecurity measures 606 $aCell phone systems$xSecurity measures 606 $aCommercial crimes$xPrevention 608 $aElectronic books. 615 0$aHome banking services$xSecurity measures. 615 0$aElectronic funds transfers$xSecurity measures. 615 0$aCell phone systems$xSecurity measures. 615 0$aCommercial crimes$xPrevention. 676 $a332.1/70684 701 $aChatain$b Pierre-Laurent$f1961-$0923220 712 02$aWorld Bank. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910454165303321 996 $aIntegrity in mobile phone financial services$92470842 997 $aUNINA