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New Technologies, New Risks? : Innovation and Countering the Financing of Terrorism by Zerzan, Andrew, 1981- is a nonfiction available to read on EtoBox.

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<p>Recent developments in the way financial services are delivered have provided both opportunities for economic development and prompted fears of their attractiveness for crimes such as terrorist financing. This paper explores four innovations, value cards, mobile financial services, online banking and payments, and digital currencies, outlining how they work, analyzing their risks, and identifying some ways in which governments and providers are attempting to reduce their attractiveness to financiers of terrorism. Determining what the actual risks are is critical to ensuring that laws and regulations balance both the need to protect integrity in the market and to create an environment friendly to business and empowering to the poor. The paper concludes that these new methods of payment do not offer particular usefulness to terrorist financiers. However, some of these channels could be attractive for general criminal abuse because they have an ambiguous place in the legal regime. Providers therefore, may not know about or elect to properly mitigate risks. The industry is encouraged to work within itself to share information to prevent and detect criminal activity. Governments shou

Who reads New Technologies, New Risks? : Innovation and Countering the Financing of Terrorism?

Author

Zerzan, Andrew, 1981-

Publisher

World Bank, ©2010.

Published

2010

Language

EN

ISBN

9780821380864

Category

nonfiction

Subjects

Political Science, Finance, Social Science