Openly accessible

Financial inclusion and financial integrity : aligned incentives?

de Koker, Louis and Jentzsch, Nicola 2011, Financial inclusion and financial integrity : aligned incentives?, in Shadow 2011 : The shadow economy, tax evasion and money laundering : Proceedings of the 2011 Shadow conference, University of Münster, Münster, Germany, pp. 1-28.

Attached Files
Name Description MIMEType Size Downloads
dekoker-financialinclusionandfinancial-2011.pdf Published version application/pdf 285.39KB 947

Title Financial inclusion and financial integrity : aligned incentives?
Author(s) de Koker, Louis
Jentzsch, Nicola
Conference name Shadow. Conference (2011 : Münster, Germany)
Conference location University of Münster, Germany
Conference dates 28-31 Jul. 2011
Title of proceedings Shadow 2011 : The shadow economy, tax evasion and money laundering : Proceedings of the 2011 Shadow conference
Publication date 2011
Start page 1
End page 28
Publisher University of Münster
Place of publication Münster, Germany
Keyword(s) money laundering
terrorist financing
financial inclusion
formal and informal sectors; mobile banking
FATF; microfinance institutions; data protection
privacy
Summary A large percentage of the population in developing countries saves, remits money or accesses credit using informal financial services. Financial inclusion initiatives aim to expand the reach and attractiveness of formal financial services. Recently, the Financial Action Task Force embraced financial inclusion as complementary to anti-money laundering and counter-terrorist financing as it enhances financial transparency. Analyzing preliminary data from FinScope surveys on eight African countries we argue that an increase in access to formal services does not automatically imply an immediate and corresponding reduction of usage of informal services, especially as many individuals use informal and formal services in parallel. We consider customer trade-offs regarding the use of formal and informal services especially considering transparency as a potential disincentive to use formal services. The alignment of financial inclusion and integrity will fail where customers are apprehensive about increased transparency.
Language eng
Field of Research 180119 Law and Society
Socio Economic Objective 949999 Law, Politics and Community Services not elsewhere classified
HERDC Research category EN Other conference paper
Copyright notice ©2011, The Authors
Persistent URL http://hdl.handle.net/10536/DRO/DU:30041719

Document type: Conference Paper
Collections: School of Law
Open Access Collection
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.

Versions
Version Filter Type
Access Statistics: 558 Abstract Views, 948 File Downloads  -  Detailed Statistics
Created: Mon, 23 Jan 2012, 09:48:12 EST by Leanne Swaneveld

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.