Financial inclusion of the poor and money laundering indicators: empirical evidence for Colombia

Taking advantage of the largest financial inclusion program in Colombia, we estimate how increasing the access to such services for the poor impacts money laundering indicators in the country. We find that eventhough, on average, government's indicators of money laundering activities in Colombi...

Full description

Autores:
Bayona Rodríguez, Hernando
Rodríguez Orgales, Catherine
Melo, J. Sebastián
Tipo de recurso:
Work document
Fecha de publicación:
2017
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
spa
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/8677
Acceso en línea:
http://hdl.handle.net/1992/8677
Palabra clave:
Money laundering
Bancarization
Souspicios Transaction Report
STR
IIF
Lavado de dinero - Colombia
Delitos económicos - Colombia
Servicios bancarios - Colombia
K42, C81, H56
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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network_name_str Séneca: repositorio Uniandes
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Bayona Rodríguez, Hernando11131600Rodríguez Orgales, Catherine10235600Melo, J. Sebastián9e9b0184-c450-43e3-bef7-215c89c5e71b5002018-09-27T16:55:46Z2018-09-27T16:55:46Z20171657-5334http://hdl.handle.net/1992/86771657-719110.57784/1992/8677instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Taking advantage of the largest financial inclusion program in Colombia, we estimate how increasing the access to such services for the poor impacts money laundering indicators in the country. We find that eventhough, on average, government's indicators of money laundering activities in Colombia decreased, complex and heterogeneous impacts across the country and in time are observed. While money laundering indicators decreased in areas with high historic values of this crime, indicators in areas with medium historic levels increased. The evidence suggests that after the banalization process a fragmentation and expansion of money laundering indicators across municipalities in Colombia took place, diminishing the accuracy of the alerts that the financial institutions provide to the government in order to fight this crime.El presente trabajo analiza el efecto de un incremento en la inclusión financiera sobre los indicadores de lavado de activos en Colombia, a partir de la asignación aleatoria del programa de bancarización más grande que se ha implementado en el país. Los resultados sugieren que, a pesar de que los indicadores de lavado de activos disminuyen en promedio, hay impactos heterogéneos y acciones complejas de los individuos involucrados a través de los municipios del país. Mientras que los indicadores disminuyen en zonas caracterizadas históricamente por altos niveles de lavado de activos, éstos se incrementan en zonas con niveles medios de esta actividad ilícita. La evidencia sugiere que después de la bancarización, se desarrollaron procesos de fragmentación y expansión de los indicadores de lavado de activos que afectaron negativamente la precisión de las alertas que proveen las instituciones financieras.34 páginasapplication/pdfspaUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 26 Marzo de 2017https://ideas.repec.org/p/col/000089/015600.htmlFinancial inclusion of the poor and money laundering indicators: empirical evidence for ColombiaLa inclusión financiera de los hogares pobres y los indicadores de lavado de activos: evidencia empírica para ColombiaDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPMoney launderingBancarizationSouspicios Transaction ReportSTRIIFLavado de dinero - ColombiaDelitos económicos - ColombiaServicios bancarios - ColombiaK42, C81, H56Facultad de EconomíaPublicationTHUMBNAILdcede2017-26.pdf.jpgdcede2017-26.pdf.jpgIM Thumbnailimage/jpeg12369https://repositorio.uniandes.edu.co/bitstreams/3e49a04f-393a-4d9a-84d0-2e7d0a281b72/download29141ff5fcb2a2035104f379c08a460eMD55ORIGINALdcede2017-26.pdfdcede2017-26.pdfapplication/pdf908591https://repositorio.uniandes.edu.co/bitstreams/2b2d0d81-55bc-4e88-9978-dbaa5c566e14/downloadd5d222ec594a4af6d5965e33278b68ceMD51TEXTdcede2017-26.pdf.txtdcede2017-26.pdf.txtExtracted texttext/plain81827https://repositorio.uniandes.edu.co/bitstreams/d8feace5-778f-4f59-b077-7af826d87e4d/download2e6b8a9a9d4b8d52b0a91455f68c7050MD541992/8677oai:repositorio.uniandes.edu.co:1992/86772024-06-04 15:11:42.625http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Financial inclusion of the poor and money laundering indicators: empirical evidence for Colombia
dc.title.alternative.none.fl_str_mv La inclusión financiera de los hogares pobres y los indicadores de lavado de activos: evidencia empírica para Colombia
title Financial inclusion of the poor and money laundering indicators: empirical evidence for Colombia
spellingShingle Financial inclusion of the poor and money laundering indicators: empirical evidence for Colombia
Money laundering
Bancarization
Souspicios Transaction Report
STR
IIF
Lavado de dinero - Colombia
Delitos económicos - Colombia
Servicios bancarios - Colombia
K42, C81, H56
title_short Financial inclusion of the poor and money laundering indicators: empirical evidence for Colombia
title_full Financial inclusion of the poor and money laundering indicators: empirical evidence for Colombia
title_fullStr Financial inclusion of the poor and money laundering indicators: empirical evidence for Colombia
title_full_unstemmed Financial inclusion of the poor and money laundering indicators: empirical evidence for Colombia
title_sort Financial inclusion of the poor and money laundering indicators: empirical evidence for Colombia
dc.creator.fl_str_mv Bayona Rodríguez, Hernando
Rodríguez Orgales, Catherine
Melo, J. Sebastián
dc.contributor.author.none.fl_str_mv Bayona Rodríguez, Hernando
Rodríguez Orgales, Catherine
Melo, J. Sebastián
dc.subject.keyword.none.fl_str_mv Money laundering
Bancarization
Souspicios Transaction Report
STR
IIF
topic Money laundering
Bancarization
Souspicios Transaction Report
STR
IIF
Lavado de dinero - Colombia
Delitos económicos - Colombia
Servicios bancarios - Colombia
K42, C81, H56
dc.subject.armarc.none.fl_str_mv Lavado de dinero - Colombia
Delitos económicos - Colombia
Servicios bancarios - Colombia
dc.subject.jel.none.fl_str_mv K42, C81, H56
description Taking advantage of the largest financial inclusion program in Colombia, we estimate how increasing the access to such services for the poor impacts money laundering indicators in the country. We find that eventhough, on average, government's indicators of money laundering activities in Colombia decreased, complex and heterogeneous impacts across the country and in time are observed. While money laundering indicators decreased in areas with high historic values of this crime, indicators in areas with medium historic levels increased. The evidence suggests that after the banalization process a fragmentation and expansion of money laundering indicators across municipalities in Colombia took place, diminishing the accuracy of the alerts that the financial institutions provide to the government in order to fight this crime.
publishDate 2017
dc.date.issued.none.fl_str_mv 2017
dc.date.accessioned.none.fl_str_mv 2018-09-27T16:55:46Z
dc.date.available.none.fl_str_mv 2018-09-27T16:55:46Z
dc.type.spa.fl_str_mv Documento de trabajo
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dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/workingPaper
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dc.identifier.issn.none.fl_str_mv 1657-5334
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dc.identifier.doi.none.fl_str_mv 10.57784/1992/8677
dc.identifier.instname.spa.fl_str_mv instname:Universidad de los Andes
dc.identifier.reponame.spa.fl_str_mv reponame:Repositorio Institucional Séneca
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dc.language.iso.none.fl_str_mv spa
language spa
dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No. 26 Marzo de 2017
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dc.rights.uri.*.fl_str_mv http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
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rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-nd/4.0/
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.extent.none.fl_str_mv 34 páginas
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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