Inclusive Financial Integrity: A Toolkit for Policymakers

Complying with global AML-CFT standards while enabling the participation of low-income communities in the formal financial system

Inclusive financial integrity refers to success in achieving effective alignment between financial inclusion and anti-money laundering and countering the financing of terrorism (AML-CFT) policy objectives. The complementarity of the objectives of financial inclusion and AML-CFT has for some years now been recognized by standard setters and national policymakers alike. Nevertheless, practical implementation challenges in aligning the two policy objectives can result in unintended consequences. These need to be carefully managed and addressed by policymakers in order to avoid the disproportionate exclusion of women, forcibly displaced persons, and other disadvantaged groups – as well as the de-risking and de-banking of remittance service providers. 

This Toolkit provides practical guidance on the formulation and implementation of policy and regulation for inclusive financial integrity. It has been formulated with reference to the Financial Action Task Force (FATF) recommendations and related guidance and is based on the experience of AFI member policymakers and regulators. The toolkit will facilitate further peer learning among AFI members, and provides a mechanism for contributing members' experiences and perspectives into global and regional fora for the advancement of inclusive financial integrity.

About this Publication

By Barry Cooper, Masiiwa Rusare, Matthew Ferreira, John Symington, Mariam Zahari , Robin Newnham