Bulgaria : Forest Policy Note
This focus note presents key findings of a 2008 report on implementing Financial Action task Force (FATF) standards in developing countries The Financial Sector Reform and Strengthening(FIRST) Initiative funded a five-country study to analyze the e...
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| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2009/03/16286557/bulgaria-forest-policy-note http://hdl.handle.net/10986/18601 |
| Summary: | This focus note presents key findings of
a 2008 report on implementing Financial Action task Force
(FATF) standards in developing countries The Financial
Sector Reform and Strengthening(FIRST) Initiative funded a
five-country study to analyze the effects of anti-money
laundering (AML) and combating the financing of terrorism
(CFT) regulation on access to finance, especially in
low-income populations. Standard AML and CFT measures
promote financial integrity and support crime fighting, but
they can also exclude low-income people from financial
services through onerous regulations. The study identifies
factors that may intensify this impact, provides approaches
on the design of appropriate AML/CFT controls that
complement financial access policies, and suggests key
design principles for AML/CFT controls. |
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