Journal of Business Law, 2017 Issue 6, pp 473-498
51 Pages Posted: 16 Aug 2017 Last revised: 13 Sep 2017
Date Written: August 15, 2017
This article evaluates the claim that FinTech—a portmanteau of finance and technology, including blockchain and automated suspicious transaction monitoring technology systems—has the ability to revolutionise financial inclusion and examines whether regulatory technology (RegTech) can be used by regulators for tracking and monitoring AML/CFT compliance activities.
Keywords: Financial inclusion, Financial exclusion, Financial technology (FinTech), Regulatory technology (RegTech), Anti-money laundering/countering the financing of terrorism (AML/CFT), G20 Leaders’ Communique Hangzhou Summit, Financial Action Task Force (FATF) Recommendations, Respondent banking, Regulator
JEL Classification: G21, K14, K42
Suggested Citation: Suggested Citation
Lee, Emily, Financial Inclusion: A Challenge to the New Paradigm of Financial Technology, Regulatory Technology and Anti-Money Laundering Law (August 15, 2017). Journal of Business Law, 2017 Issue 6, pp 473-498; University of Hong Kong Faculty of Law Research Paper No. 2017/021. Available at SSRN: https://ssrn.com/abstract=3018960