AML/CFT

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Happy 10th birthday, Microinsurance Network! We look forward to celebrating this milestone with you @NetworkFlash

Great new database on the cost of remittances to and in Africa: http://t.co/MWaEmJQH. Thanks @WorldBankAfrica!

Don't forget to pass on the news about @MIFacility fellowship at Cenfri: http://t.co/Ud2M43fd. Applications close 30 November.

Interesting article on new product facilitating easier remittance of funds to Zimbabwe - http://t.co/LCYaD6sy

Roberto Bonnet: Brazil accounts for 51% of total insurance premiums in South America 7IMC

Stefan Dercon keynote at 7th International microinsurance conference: Insurance could reduce poverty by up to a third?

New upload! Request for proposals for research into "The market for hospital cash plan insurance in South Africa" http://t.co/8yDWdTTy

Have you checked out the Microinsurance Innovation Facility fellowship opportunity at Cenfri? http://t.co/Ud2M43fd

New upload! The impact of Standards Setting Bodies (SSBs) on financial inclusion http://t.co/ROub7JxQ

Cenfri is looking for a knowledge management and training content fellow(ILO Microinsurance Innovation Facility): http://t.co/V3hKNZHD

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Our areas of work

Quick Facts

Areas of work

Cenfri is interested in all areas of the financial sector relevant to low-income households. Currently our areas of research include: micro-insurance, health insurance, AML/CFT, new technology in distribution and remittances:

Partner institutions

Bankable Frontier Associates

Cenfri seeks to build a network of partner institutions and experts to support our research and objectives. One such partner is Bankable Frontier Associates.

David Porteous, the founder and managing director of Bankable Frontier Associates, is a research fellow and member of Cenfri.

AML/CFT

Anti-money Laundering and Combatting the Financing of Terrorism (AML/CFT) regulation is currently one of the international financial sector standards which may, If not carefully implemented, impact on financial inclusion. Cenfri seeks to support compliance with such international standards in a manner that does not impact unnecessarily on financial sector development and inclusion.

Projects undertaken by Cenfri staff on this topic include:

Supporting the Southern African Development Community (SADC) in drafting an AML/CFT annex to the Finance and Investment Protocol; and hosting a workshop to deliberate the annex with member jurisdictions.
Review of AML/CFT risk management of low-risk financial products and services in South Africa.
Participating in a CGAP project on designing a model to determine AML risk in the financial sector.
Providing AML/CFT expertise in relation to mobile phone banking and the development of a regulatory system to support transformation mobile phone banking in the Maldives.
Supporting the design and drafting of an access-friendly AML/CFT framework for Namibia
Leading a project to design a set of tools or guidelines to facilitate the implementation of FATF recommendations in developing countries without unduly impacting on access to financial services. The project involved a cross-country analysis of conditions in Kenya, Indonesia, Mexico, Pakistan and South Africa and was done on behalf of a steering committee consisting of the World Bank, IMF, CGAP, DFID, FinMark Trust and the South African National Treasury.
Cenfri was commissioned by USAID and the Central Bank of Kenya to provide strategic input on the direction of the new guidelines/regulations to be issued under the Proceeds of Crime and Anti-Money Laundering Act.

Cenfri is also currently managing the FinMark Trust's research on this topic.