Policy Profile
ID
Policy Question
Responses
IDFS-43
Has your country put in place policies / guidelines that foster innovations in the payment ecosystem?
No 4
Yes 8
No
4 Countries
Sudan
Guinea
Malawi
Bangladesh
FINT.8
Has the adoption of FATF AML/CFT Recommendations negatively impacted financial inclusion in your country?
No Impact 7
No mechanism to capture the impact on financial inclusion 1
No Impact
7 Countries
Bangladesh
Egypt
Egypt
Egypt
Egypt
Egypt
Egypt
No mechanism to capture the impact on financial inclusion
1 Countries
Burundi
FINT.8.a
What are the impacts?
Other (please specify) 1
Other (please specify)
1 Countries
Bangladesh
FINT.9
Is tiered KYC adopted in your country to mitigate the impact of global standards on financial inclusion?
Adopted and accepted by assessors 2
Not adopted 1
Adopted and accepted by assessors
2 Countries
Haiti
Egypt
Not adopted
1 Countries
Bangladesh
FINT.10
Is acceptance of alternative documents for KYC adopted in your country?
Adopted and accepted by assessors 2
Adopted and accepted by assessors
2 Countries
Bangladesh
Egypt
FINT.11
Is usage of technology/ innovation to meet KYC requirements adopted in your country?
Adopted and accepted by assessors 1
Not adopted 1
Adopted and accepted by assessors
1 Countries
Bangladesh
Not adopted
1 Countries
Egypt
FINT.12
Is the sharing of information between KYC databases to reduce redundancy adopted in your country?
Not adopted 2
Not adopted
2 Countries
Bangladesh
Egypt
FINT.13
Are there other proportionate approaches adopted in your country to mitigate the impact of FATF AML/CFT?
No 1
No
1 Countries
Bangladesh
FINT.13.a
How have assessors assessed these other approaches?
Accepted by assessors 1
Accepted by assessors
1 Countries
Bangladesh
FINT.14
What are the key challenges faced in implementing the FATF AML/CFT?
National regulators apply standards conservatively due to uncertainty of assessors stance, Inadequacies in national infrastructure and systems to capture relevant data and develop standards 1
National regulators lack expertise and knowledge to develop proportionate standards, National supervisors lack expertise and knowledge to supervise proportionately, Regulatees lack understanding on the policy intent of standards 1
Other (please specify) 1
National regulators apply standards conservatively due to uncertainty of assessors stance, Inadequacies in national infrastructure and systems to capture relevant data and develop standards
1 Countries
Bangladesh
National regulators lack expertise and knowledge to develop proportionate standards, National supervisors lack expertise and knowledge to supervise proportionately, Regulatees lack understanding on the policy intent of standards
1 Countries
Burundi
Other (please specify)
1 Countries
Egypt
FINT.15
What is the status of adoption for Basel I Framework in your country?
Full Implementation 27
Full Implementation 3
Partial Implementation 11
Full Implementation
27 Countries
Vanuatu
Haiti
Tajikistan
Georgia
Philippines
Argentina
Sierra Leone
Full Implementation
3 Countries
Papua New Guinea
Seychelles
Malawi
Partial Implementation
11 Countries
Bhutan
Sao Tome and Principe
Honduras
Uganda
Senegal
El Salvador
Guatemala
FINT.16
What is the status of adoption for Basel II Framework in your country?
Full Implementation 15
Full Implementation 1
No Short-term plans to implement 8
Partial Implementation 15
Full Implementation
15 Countries
Vanuatu
Georgia
Philippines
Argentina
Russia
Bangladesh
Mexico
Full Implementation
1 Countries
Malawi
No Short-term plans to implement
8 Countries
Haiti
Uganda
Sierra Leone
Tonga
El Salvador
Fiji
Guatemala
Partial Implementation
15 Countries
Papua New Guinea
Bhutan
Seychelles
Sao Tome and Principe
Honduras
Tanzania
Tanzania
FINT.17
What is the status of adoption for Basel III Framework in your country?
Full Implementation 7
Full Implementation 1
No Short-term plans to implement 12
Partial Implementation 20
Full Implementation
7 Countries
Argentina
Mexico
Egypt
South Africa
Bangladesh
Egypt
Egypt
Full Implementation
1 Countries
Malawi
No Short-term plans to implement
12 Countries
Sao Tome and Principe
Haiti
Tajikistan
Sierra Leone
Afghanistan
Tonga
El Salvador
Partial Implementation
20 Countries
Papua New Guinea
Bhutan
Seychelles
Vanuatu
Honduras
Georgia
Philippines
FINT.18
Has the adoption of the Basel Framework negatively impacted financial inclusion?
No Impact 9
No mechanism to capture the impact on financial inclusion 27
Yes 1
No Impact
9 Countries
Papua New Guinea
Bhutan
Palestine
Malawi
Tonga
Bangladesh
Thailand
No mechanism to capture the impact on financial inclusion
27 Countries
Cambodia
Guatemala
South Africa
Seychelles
Sao Tome and Principe
Vanuatu
Honduras
Yes
1 Countries
Angola
FINT.18.a
What are the impacts of the negative adoption of the Basel Framework?
Higher cost for client onboarding 1
Higher cost of financial services, Reduction in the provision of financial services, Higher cost for client onboarding 1
Others (please specify) 3
Higher cost for client onboarding
1 Countries
Bangladesh
Higher cost of financial services, Reduction in the provision of financial services, Higher cost for client onboarding
1 Countries
Angola
Others (please specify)
3 Countries
Burundi
Egypt
Egypt
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