Money Laundering Risks Posed By Mobile Money Services

Authors

  • Thai Ha Van PhD student at University of Pécs - Hungary / Lecturer at People's Security Academy, Hanoi, Vietnam

Keywords:

Money laundering,, mobile money, anti-money laundering

Abstract

Mobile money service has been proved an effective tool in financial industry in recent years around the world. Although this kind of financial service brings a number of advantages, many concerns have been raised regarding potential issues that may stem from the use of mobile money. Among these concerns are the issues of using mobile money to facilitate money laundering activities and terrorist financing. In order to mitigate those potential risks for financial system in general, this paper seeks to explore the mobile money characteristics that may pose risks to anti-money laundering and terrorist financing system. This work is based on the available information from scientific research, articles and reports, and other sources.  

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Published

2021-01-09

How to Cite

Thai Ha Van. (2021). Money Laundering Risks Posed By Mobile Money Services. Technium Social Sciences Journal, 15(1), 253–258. Retrieved from https://techniumscience.com/index.php/socialsciences/article/view/2373