Enhanced Auditing Techniques in Challenging Risk Assessment Situations & Practices to Ensure Proper Implementation of AML Program in Light of Financial Inclusion Regulations

Marghrait M. Makhamreh, CAMS-Audit

Financial inclusion is defined as having access to affordable and useful financial products and services to help and enable the poor and disadvantages people in developing economies to meet their needs, The World Bank Group in its report in 2012 estimates that only 50 percent of adults having a banking account at a formal financial institution, from there the courage had started to allow banks and non-banks to ensure their provisions of the financial services so they need to innovate and expand especially in the ulterior and isolated areas. The Financial access will facilitate the day-to-day living, and will help the families and businesses’ plans for everything from long-term goals to unexpected emergencies.

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