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 2716 Title Financial inclusion and financial integrity : aligned incentives? Author(s) de Koker, Louis orcid.org/0000-0003-0120-6150 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 Free to Read? Yes Persistent URL http://hdl.handle.net/10536/DRO/DU:30041719 Document type: Conference Paper Collections: Faculty of Business and Law Law Open Access Collection   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 Mon, 23 Jan 2012, 09:48:30 EST Mon, 23 Jan 2012, 09:51:55 EST Mon, 23 Jan 2012, 14:01:00 EST Mon, 23 Jan 2012, 14:10:18 EST Mon, 23 Jan 2012, 14:11:08 EST Mon, 23 Jan 2012, 14:12:18 EST Tue, 05 Dec 2017, 12:28:26 EST Fri, 07 Sep 2018, 15:42:01 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 939 Abstract Views, 2717 File Downloads  -  Detailed Statistics Created: Mon, 23 Jan 2012, 09:48:12 EST by Leanne Swaneveld