))
Ep. 148: The Role of Supervision in the Financial Inclusion of Forcibly Displaced Persons
Manage episode 424316352 series 2661137
Content provided by Toronto Centre. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Toronto Centre or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The worldwide total of forcibly displaced persons (FDPs) reached 110 million in 2022, with the cross-border refugee population standing at 36.4 million in 2023. The continuing cross-border refugee crisis caused by global conflict has created great vulnerabilities for FDPs.
This TC Note and accompanying podcast discuss the expansion of access to finance for FDPs and the unique challenges it presents for financial regulators and supervisors, such as the need to comply with customer due diligence requirements under AML/CFT legislation.
They also outline actions that supervisors can take towards achieving financial inclusion for FDPs, including adopting risk-based approaches to customer identification requirements, implementing financial education programs, and encouraging the development of financial infrastructure in refugee centres.
Speaker:
Mercy Buku, Program Leader, Toronto Centre
Host:
Ruth Dueck-Mbeba, Financial Inclusion Advisor, Toronto Centre
169 episodes
Share
