Understanding Bank De-Risking and its Effects on Financial Inclusion: An exploratory study
dc.contributor.author | Durner, Tracey | * |
dc.contributor.author | Shetret, Liat | * |
dc.date.accessioned | 2015-11-18T09:41:51Z | en |
dc.date.available | 2015-11-18T09:41:51Z | en |
dc.date.issued | 2015-11-18 | |
dc.identifier.isbn | 978-1-78077-982-9 | |
dc.identifier.uri | http://hdl.handle.net/10546/582310 | |
dc.description | <p>'De-risking' refers to financial institutions closing the accounts of clients perceived as high risk for money laundering or terrorist financing abuse, namely money service businesses, non-profit organizations, correspondent banks and foreign embassies.</p> <p>This report explores the linkages between bank de-risking and the ascendance of the risk-based approach to anti-money laundering and countering the financing of terrorism (AML/CFT). It presents a nuanced examination of the driving factors and influences behind de-risking, and its potential impact on financial inclusion for vulnerable communities. The report includes case studies from other sectors facing financial access challenges, and provides actionable recommendations for key stakeholders.</p> <p>This joint agency report was led by the Global Center on Cooperative Security.</p> | en_US |
dc.format.extent | 57 | en_US |
dc.language.iso | English | en_US |
dc.publisher | Global Center on Cooperative Security | en_US |
dc.publisher | Oxfam International | en_US |
dc.relation.url | https://policy-practice.oxfam.org.uk/publications/understanding-bank-de-risking-and-its-effects-on-financial-inclusion-582310 | |
dc.subject | Economics | |
dc.title | Understanding Bank De-Risking and its Effects on Financial Inclusion: An exploratory study | en_US |
dc.type | Research report | en_US |
oxfam.signoff.status | For public use. Can be shared outside Oxfam. | en_US |
oxfam.subject.country | Australia | en_US |
oxfam.subject.country | Somalia | en_US |
oxfam.subject.country | United Kingdom | en_US |
oxfam.subject.country | United States | en_US |
oxfam.subject.country | Syrian Arab Republic | en_US |
oxfam.subject.keyword | Finance | en_US |
oxfam.subject.keyword | Bank de-risking | en_US |
oxfam.subject.keyword | Money service businesses | en_US |
oxfam.subject.keyword | AML/CFT | en_US |
oxfam.subject.keyword | Risk-based approach | en_US |
oxfam.subject.keyword | Remittances | en_US |
oxfam.subject.keyword | Financial inclusion | en_US |
oxfam.subject.keyword | Financial regulation | en_US |
refterms.dateFOA | 2018-08-20T10:38:48Z |