Anti-Money Laundering and Terrorist Financing Measures and Financial Inclusion

This Guidance paper provides a general framework to assist jurisdictions in implementing an Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) system that is consistent with the goal of financial inclusion. It is intended to support competent authorities in developing a set of comprehensive and balanced AML/CFT measures based on the ML/TF risk environment in which their financial systems operate. It also aims to promote the development of a common understanding of the Financial Action Task Force Recommendations that are relevant when promoting financial inclusion and clarifying the flexibility they offer, in particular through the riskbased approach. Finally, the paper shares countries’ initiatives to address financial inclusion within the AML/CFT context.