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

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

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...

Full description

Bibliographic Details
Main Authors: Adl, Manuela, Haworth, William
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2019
Subjects:
EMERGING MARKET ECONOMIES
ACCESS TO FINANCE
FINANCIAL SERVICES
COMBATING THE FINANCING OF TERRORISM
ANTI-MONEY LAUNDERING
CFT-AML
FINANCIAL ACTION TASK FORCE
INFORMATION MANAGEMENT
FINANCIAL INCLUSION
DATA PRIVACY
TRANSACTION MONITORING
KNOW-YOUR-CUSTOMER UTILITY
DATA SHARING
Online Access:http://documents.worldbank.org/curated/en/133091547846776274/How-a-Know-Your-Customer-Utility-Could-Increase-Access-to-Financial-Services-in-Emerging-Markets
http://hdl.handle.net/10986/31197
id okr-10986-31197
recordtype oai_dc
spelling okr-10986-311972021-05-25T10:54:36Z How a Know-Your-Customer Utility Could Increase Access to Financial Services in Emerging Markets Adl, Manuela Haworth, William EMERGING MARKET ECONOMIES ACCESS TO FINANCE FINANCIAL SERVICES COMBATING THE FINANCING OF TERRORISM ANTI-MONEY LAUNDERING CFT-AML FINANCIAL ACTION TASK FORCE INFORMATION MANAGEMENT FINANCIAL INCLUSION DATA PRIVACY TRANSACTION MONITORING KNOW-YOUR-CUSTOMER UTILITY DATA SHARING 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. 2019-02-01T20:21:59Z 2019-02-01T20:21:59Z 2018-10 Brief http://documents.worldbank.org/curated/en/133091547846776274/How-a-Know-Your-Customer-Utility-Could-Increase-Access-to-Financial-Services-in-Emerging-Markets http://hdl.handle.net/10986/31197 English EMCompass;Note 59 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic EMERGING MARKET ECONOMIES
ACCESS TO FINANCE
FINANCIAL SERVICES
COMBATING THE FINANCING OF TERRORISM
ANTI-MONEY LAUNDERING
CFT-AML
FINANCIAL ACTION TASK FORCE
INFORMATION MANAGEMENT
FINANCIAL INCLUSION
DATA PRIVACY
TRANSACTION MONITORING
KNOW-YOUR-CUSTOMER UTILITY
DATA SHARING
spellingShingle EMERGING MARKET ECONOMIES
ACCESS TO FINANCE
FINANCIAL SERVICES
COMBATING THE FINANCING OF TERRORISM
ANTI-MONEY LAUNDERING
CFT-AML
FINANCIAL ACTION TASK FORCE
INFORMATION MANAGEMENT
FINANCIAL INCLUSION
DATA PRIVACY
TRANSACTION MONITORING
KNOW-YOUR-CUSTOMER UTILITY
DATA SHARING
Adl, Manuela
Haworth, William
How a Know-Your-Customer Utility Could Increase Access to Financial Services in Emerging Markets
relation EMCompass;Note 59
description 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.
format Brief
author Adl, Manuela
Haworth, William
author_facet Adl, Manuela
Haworth, William
author_sort Adl, Manuela
title How a Know-Your-Customer Utility Could Increase Access to Financial Services in Emerging Markets
title_short How a Know-Your-Customer Utility Could Increase Access to Financial Services in Emerging Markets
title_full How a Know-Your-Customer Utility Could Increase Access to Financial Services in Emerging Markets
title_fullStr How a Know-Your-Customer Utility Could Increase Access to Financial Services in Emerging Markets
title_full_unstemmed How a Know-Your-Customer Utility Could Increase Access to Financial Services in Emerging Markets
title_sort how a know-your-customer utility could increase access to financial services in emerging markets
publisher International Finance Corporation, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/133091547846776274/How-a-Know-Your-Customer-Utility-Could-Increase-Access-to-Financial-Services-in-Emerging-Markets
http://hdl.handle.net/10986/31197
_version_ 1764473794898952192

Similar Items