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Financial Inclusion: A Challenge to the New Paradigm of Financial Technology, Regulatory Technology and Anti-Money Laundering Law

Journal of Business Law, 2017 Issue 6, pp 473-498

University of Hong Kong Faculty of Law Research Paper No. 2017/021

51 Pages Posted: 16 Aug 2017 Last revised: 13 Sep 2017

Emily Lee

The University of Hong Kong - Faculty of Law

Date Written: August 15, 2017

Abstract

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

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

Emily Lee (Contact Author)

The University of Hong Kong - Faculty of Law ( email )

Pokfulam Road
Hong Kong, Hong Kong
China

HOME PAGE: http://hub.hku.hk/rp/rp01257

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