1、Navigating Mobile Money Regulatory RisksThe GSMA is a global organisation unifying the mobile ecosystem to discover,develop and deliver innovation foundational to positive business environments and societal change.Our vision is to unlock the full power of connectivity so that people,industry,and soc

2、iety thrive.Representing mobile operators and organisations across the mobile ecosystem and adjacent industries,the GSMA delivers for its members across three broad pillars:Connectivity for Good,Industry Services and Solutions,and Outreach.This activity includes advancing policy,tackling todays bigg

3、est societal challenges,underpinning the technology and interoperability that make mobile work,and providing the worlds largest platform to convene the mobile ecosystem at the MWC and M360 series of events.We invite you to find out more at Follow the GSMA on X:GSMAGSMA Mobile MoneyThe GSMAs Mobile M

4、oney programme works to accelerate the development of the mobile money ecosystem for the underserved.For more information,please contact us: X:GSMAMobileM AuthorsKennedy Kipkemboi Sawe,Public Policy&Advocacy Director,Mobile Money,GSMATarunpreet Singh,Regulatory Specialist,Mobile Money,GSMAContributo

5、rsAshley Olson Onyango,Head of Financial Inclusion&AgriTech,GSMATony K.Ngige,Stealth Africa Consulting LLP 2024 GSMAContents Executive summary 0501 Introduction 091.1 Evolution of mobile money risks 111.2 Risk management frameworks 121.3 Risk management typology and classification 1302 Survey insigh

6、ts:key regulatory risks 152.1 Cybersecurity andfraud risks 172.2 AML/CFT risks 182.3 Licensing and registration complexities 182.4 Data protection andprivacy risks 1903 Barriers to effective regulatory risk management 203.1 Overregulation and uncertainty:the industrys double burden 223.2 Compliance