IBFed Comments on FATF Project on Financial Inclusion – 20/4/11

20 Apr 2011

The IBFed has responded to the FATF First Draft Guidance Paper on Financial Inclusion.  In responding, IBFed expressed its support for the project that intended to help bring individuals and entities into the supervised and regulated financial system while simultaneously eliminating the need for a black market economy.  IBFed also underlined the need for domestic authorities to take the final steps to adapt the FATF guidance to ensure individuals and entities are included in the financial system.  IBFed will continue to work with FATF as the project moves forward.