The Role of Anti-Money Laundering Law in Mobile Money Systems in Developing Countries

On April 20, 2012, at the Mobile Money in Developing Countries Conference in Seattle, Washington, Emery Kobor of the U.S. Treasury delivered a keynote speech on the "The Role of Anti-Money Laundering Law in Mobile Money Systems in Developing Countries." Kobor focused on the following four points: new payment methods, financial inclusion, economic development, and financial regulations. He then discussed recommendations from the Financial Action Task Force to address some of the challenges of developing and delivering financial services through innovative payment channels to the unbanked.