ACAMS East Africa Chapter, Sponsored by Civic Advisory Hub will host a webinar on Examining the future of financial inclusion. The virtual event will bring together a panel of experts including regulators, bankers and Financial Intelligence Units. The discussions shall focus on the following topics:
- From a practitioner’s perspective, what is the future of Financial Inclusion? Does the updated FATF-Financial Inclusion Guidance provide enough clarity on how policy makers, supervisors and regulated entities should align AML/CFT efforts with financial inclusion principles? If not, what is missing?
- What are the good and bad practices on the ground in applying the risk-based approach in AML/CFT measures (e.g. simplified measures for lower risk situations, enhanced customer due diligence in handling higher risk customers instead of de-risking, etc.)?
- How can we make sure the revision of FATF Recommendations 8 and 1, and UNSCR 2761, lead to real improvements in access to financial channels to support humanitarian aid? What additional steps are needed to achieve this?
- What good practices from government, financial sector and NPOs can better ensure access by legitimate humanitarian non-profit organisations to financial services? What can a cooperation between government bodies, financial sector and NPO sector contribute to keep humanitarian channels open? How should such a trisector approach be structured?
- How can Regulators and Supervisors establish a truly risk-based approach to improve the efficiency and effectiveness of AML/CFT; to reduce burden for low risk businesses, consumers, entities-NGO; and to focus resources on higher risk areas?
