Integrity in Mobile Phone Financial Services: Measures for by Pierre-Laurent Chatain, Raul Hernandez-Coss, Kamil Borowik,

By Pierre-Laurent Chatain, Raul Hernandez-Coss, Kamil Borowik, Andrew Zerzan

Integrity in Mobil cellphone monetary providers explores ideas to spot and deal with capability cash laundering and terrorist financing hazards in cellular monetary prone. The paper offers suggestions at the top technique of assessing perceived as opposed to real dangers and identifies particular measures to mitigate the particular dangers.

Show description

Read or Download Integrity in Mobile Phone Financial Services: Measures for Mitigating the Risks of Money Laundering and Terrorist Financing (World Bank Working Papers) PDF

Best money & monetary policy books

Studies in the Byzantine Monetary Economy c.300-1450

This ebook represents an try to depict the past due Roman and Byzantine financial financial system in its fullest attainable social, monetary and administrative context, with the purpose of creating the elemental dynamics in the back of the creation of the coinage, the main mechanisms affecting its distribution, and the final features of its behaviour as soon as in stream.

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

Integrity in Mobil cell monetary prone explores recommendations to spot and deal with power funds laundering and terrorist financing dangers in cellular monetary companies. The paper presents advice at the most sensible technique of assessing perceived as opposed to real hazards and identifies particular measures to mitigate the particular dangers.

Fighting Financial Fires: An IMF Insider Account

A topical insider view of explanations and results of economic crises because the Mexican cave in of 1995. The booklet features a detailed exploration of contemporary and ongoing firestorms, together with the close to meltdown of the worldwide economic system and the euro crisis, and indicates how one can keep the overseas monetary and fiscal process.

The Standard & Poor’s Guide to Measuring and Managing Credit Risk

Latest such a lot whole, updated reference for controlling credits danger publicity of every kind, in each atmosphere Measuring and handling credits threat takes you a long way past the Basel instructions to element a strong, confirmed application for figuring out and controlling your firm’s credits chance. offering hands-on solutions on useful themes from capital administration to correlations, and helping its theories with up to date facts and insights, this authoritative ebook examines each key point of credits hazard, together with: Determinants of credits hazard and pricing/spread implications Quantitative versions for relocating past Altman’s Z rating to split “good” debtors from “bad” Key determinants of loss given default, and power hyperlinks among restoration premiums and possibilities of default Measures of dependency together with linear correlation, and the influence of correlation on portfolio losses an in depth evaluate of 5 of today’s most well-liked portfolio models―CreditMetrics, CreditPortfolioView, Portfolio possibility Tracker, CreditRisk+, and Portfolio supervisor How credits danger is mirrored within the costs and yields of person securities How derivatives and securitization tools can be utilized to move and repackage credits danger Today’s credits threat size and administration instruments and strategies offer organisations with dramatically more desirable energy and adaptability, not just in mitigating probability but additionally in enhancing total monetary functionality.

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

Sample text

Transaction amounts (in Korean Won) are grouped into three categories that fall under increasingly stringent security measures relative to the transaction amount. Financial institutions may also apply greater security controls based on the preference of the customer. qxd Category 1: W 0–6 million (US$ 6,000). Constitutes 85% of all transactions. Category 2: W 6–10 million (US$ 10,000). Constitutes 5% of all transactions. Category 3: W >10 million (>US$ 10,000). Constitutes 10% of all transactions.

65. In Korea, some banks have lately fallen victim to Internet and mobile phone phishing (fraudulent attempts to acquire sensitive financial or personal information, such as credit card information or Social Security numbers, by impersonating a business representative or trustworthy person. Phishing attempts are usually initiated through e-mail, phone calls or Instant Messaging). In response, banks have been encouraged to open accounts to customers with plain access via bank branches, and initiate Internet and mobile financial channels only after the customer’s credibility has been established after a monitoring period.

There are grounds to believe that Recommendation 8 also 58. These include: financial background and strength, governance, customer protection, safety and soundness of the system, background information on shareholders and managers; and business model. : MTN in Standard Bank and Wizzit in Bank of Athens. 59. , CSL. 60. html#q01) where applicants need to identify themselves and provide a copy of their ID card/ Corporate/Business Registration Certificate, address and type of business, bank account to be used for business and contact information.

Download PDF sample

Rated 4.01 of 5 – based on 30 votes