And existing m-banking schemes set a limit on the size of transactions that is low enough to deter money-launderers but high enough to satisfy most customers.The regulatory approach being taken in the Philippines provides a good model for other countries.
The central bank is keen to deter "hot money" that might seep past the country's capital controls, looking to profit from a stronger currency.
That leaves a lovely paper trail, but does little to deter real money-launderers.
The bare minimum that must be done to deter dark-money corruption of the contracting process is to shine a light on the spending, so that everyone can follow the money trail.
Even the US State Department, which still lists the Holy See as a jurisdiction of "primary concern" when it comes to money laundering, said in a 2014 report that changes initiated by the consulting firm would help "prevent, deter, identify and prosecute" money laundering.
"Morgan Stanley is a big, big company," she said, "and what they understand is money," adding that the amount the commission seeks from a jury "has got to be enough money to deter them from doing this again".
Soaring gasoline prices did little in February to deter consumers from spending money on other goods like cars, food and clothes, a government report showed today.
In the recent reporting on individual cases of collateralised debt obligations (CDOs) that went bad, what's been most striking has been the absence of the kinds of incentives one would expect to deter lenders from giving money to people who can't pay it back, and investors from purchasing securities based on the soundness of those loans.
MIAMI — Ushered in amid promises that it would save taxpayers money and deter drug users, a Florida law requiring drug tests for people who seek welfare benefits resulted in no direct savings, snared few drug users and had no effect on the number of applications, according to recently released state data.
