“Assessing the FATF on Financial Inclusion” webinar on 22 June 2021

The Asian Bankers Association (ABA) is inviting members, associates and friends to join the webinar on “Assessing the Impact of the FATF on Financial Inclusion” to be held on 22 June 2021 at 3.30 pm SGT

Around the world there are roughly 1.7 billion people without access to a financial account either at a bank or with a mobile money provider. For these 1.7 billion, access to financial services is constrained by several factors, including the controls in place at financial institutions to try and curtail financial crime risk.

The standards for these controls are set by the Financial Action Task Force (FATF) who, since 2019, have committed to promoting financial inclusion.

The FATF recently launched a project to examine the unintended consequences of its framework, one aspect of which, focuses on financial exclusion. The Centre for Financial Crime & Security Studies (CFCS) at The Royal United Services Institute for Defence and Security Studies (RUSI), over the past 18 months, has researched the impacts of the FATF standards on financial inclusion.


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This effort, funded by the Bill & Melinda Gates Foundation, will result in the production of two papers that will be released in mid-June. This webinar, jointly organised by Fintelekt and Asian Bankers Association, will present the findings of these two papers and highlight .


(a) the impacts of the FATF framework on financial inclusion, and

(b) five recommendations for how FATF could better promote and protect financial inclusion in the future.


Register by clicking HERE



Fintelekt Advisory Services is a specialist in research, training and advisory on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) in Asia. It produces industry research, fosters dialogue and creates opportunities for knowledge sharing between senior executives from banking, financial services and insurance.

We therefore encourage you and your colleagues to take advantage of this opportunity to learn the latest developments in FATF standards and their impact on financial inclusion. Should you have further questions, please write to aba@aba.org.tw


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