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Promoting Financial Integrity & Inclusion: Embracing Technology and Avoiding Unintended Consequences
This event will consider ways to reduce the potential for the abuse of financial systems and enhance approaches to anti-money laundering and combatting the financing of terrorism in emerging market and developing countries pursuing financial inclusion priorities.
The discussion will focus on tangible ideas about policies, practices or technologies that might help central banks and supervisors carry out their responsibilities in the AML/CFT space more effectively in particular so that they can more safely welcome innovations that could help the poor and marginalised gain access to better financial tools and lift themselves more sustainably out of poverty.
The event will consider a number of themes and questions that will be circulated to participants in advance, expected to include: risk-based approaches to KYC; the use of technologies to enhance the range of responsibilities placed on financial institutions (including existing best practices); the role of governments in providing technical assistance (including most effective channels); and matters related to financial inclusion (e.g. moves towards cashless societies/central bank digital fiat currencies; and managing ‘de-risking’). Participants are expected to include representatives from banks, government and FinTech companies along with representatives of the Gates Foundation.
If you would like to attend, please contact AllanaH@rusi.org for further details.