Published by: GSM Association

This chapter outlines some basic regulatory concepts in financial regulation. The regulatory concepts covered are:

Anti-Money Laundering (AML) and Combating of Financing of Terrorism (CFT)
Prudential regulation: deposits, payments and e-money
Outsourcing and use of agents

Each major regulatory concept is explained in terms of background and purpose, the most important obligations and how MNOs are likely to be affected by the concept explained.