Mobile money transfer (MMT) services have in recent years arguably been the single most effective contributor to global financial inclusion initiatives, and particularly in developing countries, have facilitated access to cheap and reliable financial services to an ever increasing unbanked population segment. Recent innovations in...

A dedicated governance, risk and compliance professional with both a practitioner and regulatory background, Lisa Kelaart-Courtney leads the Compliance Advisory Services division of Clyde & Co LLP, an international law firm with offices globally. Kelaart-Courtney and her team provide governance, compliance and risk consulting and...

Industry organizations  in each country submitted  comment letters toward the proposed regulations on  U.S. Foreign Account  Tax  Compliance Act  (FATCA), which was released on February 8, 2012. The comments seem to indicate that financial institutions are hesitant to commence their action for FATCA given the...