insights | Reports

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An Excluded Society? Financial Inclusion in SADC through the...

This book titled “An Excluded Society? Financial Inclusion in SADC through the FinScope Lenses” provides an in-depth analysis of the current state of financial inclusion in the twelve Southern African Development Community (SADC) states. It contains informative and diverse reviews from industry experts on the challenges and opportunities that regulators and the private sector ought […]

FinScope
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Financial Access & SME Size in South Africa

This occasional research paper utilized data from the FinScope Small Business Survey South Africa 2010 covering 5,667 small businesses. An econometric model was developed to estimate the effect of access to credit on firm size. A model for sole proprietorships including licensed businesses was separately estimated from the one for close corporations due to the […]

FinScope MSME
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2015 Annual Report

As more evidence is emerging on the positive link between financial inclusion and improved livelihoods of the poor, more countries around the world have embarked on financial inclusion strategies to improve access to and usage of financial services and products. The ultimate aim is to unlock the economic and social potential of the unbanked population […]

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FinScope Mozambique consumer survey 2014

FinScope Mozambique 2014 is the second national financial inclusion survey, following that of 2009, in which a representational cross-section of adult Mozambicans have been interviewed comprehensively about their financial behaviour, familiarity with financial terminology and their use of financial services. A total of 3928 households were covered by the survey from which one person from […]

FinScope Consumer
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Financial Inclusion and AML/CFT in SADC – focus note 1

In this focus note, considerations that are relevant in determining whether and how AML/CFT regulatory requirements in the participating countries are a financial inclusion constraint or not are discussed. Various studies that have been carried out indicate that AML/CFT legislation, implemented in response to the FATF Recommendations, has resulted in a conservative approach to compliance […]

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Risk-based approaches to AML / CFT – focus note 2

The risk-based approaches that are applied by countries and institutions are now shaped by the specifications set out in FATF Recommendation 1 and related interpretive note, which provide a platform for countries to develop regulatory and supervisory frameworks that allow flexibility to achieve financial integrity objectives while at the same time providing the room to […]

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AML / CFT due diligence and related matters – focus no...

Various FATF Recommendations are considered in order to provide the context for the analysis set out below, specifically in respect of the following: Customer due diligence (CDD) (Recommendation 10), record keeping requirements (Recommendation 11), wire transfers (Recommendation 16), reliance on third parties (Recommendation 17), internal controls (Recommendation 18), reporting requirements for suspicious transactions (Recommendation 20) […]

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Mobile services / technology – AML/CFT in SADC –...

Various FATF Recommendations are considered in order to provide the context for the analysis set out below, specifically in respect of the following: money or value transfer services (Recommendation 14), new technologies (Recommendation 15) and wire transfers (Recommendation 16). It is recognised that new technology opportunities and mobile services offer solutions that will, to a […]

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Harmonisation of regulatory frameworks in the SADC region &#...

The FinMark Trust review of the AML/CFT requirements in SADC countries concentrated on compliance with FATF Recommendations, i.e. with a view to identifying opportunities to harmonise requirements across jurisdictions in relation to the FATF standards. The development of a generic understanding of AML/CFT challenges in SADC countries is addressed in this focus note and it […]

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Anti-Money laundering and CFT in SADC countries

FinMark Trust commissioned and funded the development of the focus notes contained in this report in order to highlight key considerations relating to anti-money laundering (AML) and combating the financing of terrorism (CFT) in 13 Southern African Development Community (SADC) countries. This was undertaken in light of findings from a detailed review of the regulatory […]

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SADC Financial Inclusion Indaba report

This report contains the deliberations and proceedings from the recently held SADC financial inclusion indaba. FinMark Trust, in partnership with the SADC Secretariat, South African National Treasury and the SADC Banking Association hosted the SADC Financial Inclusion Indaba from 23-24 July 2015, in Johannesburg, South Africa. The overall aim of the Indaba was to promote financial […]

SADC FI
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Why retailers?

FinMark Trust has recently commissioned a number of studies exploring how financial services are distributed to the lower-income market. This includes research on low-cost bank branches, mapping the potential distribution channels in SADC countries, and a review of the business case for retailers to provide financial services. In particular, the latter study explored the increasing […]

SADC Payments and Remittances
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Harmonising regulations to promote access to insurance in SA...

This Guidance Note provides guidance for a harmonised regulatory framework in SADC that can assist Member States to grow access to insurance. The recommendations herein take into account the specific guidance provided by the IAIS Application Paper on Regulation and Supervision supporting Inclusive Insurance Markets (2012), as well as Member State concerns and priorities. The […]

SADC FI
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South Africa report on AML/CFT and financial inclusion in SA...

FinMark Trust conducted a study to consider the extent to which the AML/CFT regulations of the SADC countries could be harmonised and calibrated in order to increase financial integration and access to financial services within the region. The study considered the FATF Standards, the ESAAMLG evaluation reports and research, the FATF Guidance note on Financial […]

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Seychelles report on AML/CFT and financial inclusion in SADC

FinMark Trust conducted a study to consider the extent to which the AML/CFT regulations of the SADC countries could be harmonised and calibrated in order to increase financial integration and access to financial services within the region. The study considered the FATF Standards, the ESAAMLG evaluation reports and research, the FATF Guidance note on Financial […]