The stance that regulatory agencies and government in general take in regards to money transfer has a great effect in how competitive the market for such transfer is in a particular country.  The more flexible regulatory policies are towards new technological developments and the more risk-based their AML and registration procedures are, the more conducive the regulatory rule-set is to an open, competitive market.  Coupled with a policy of transparency, the result has been real savings for consumers and high value investment in the industry.  

 

These benefits, however, have to be counter-balanced with the overriding aims of monetary security and consumer protection, which are high on governmental agendas aiming to serve as guardians of their citizens.  The tension that results between fostering competition, investing in transparency and protecting citizens may cripple government initiatives in this sector before they get off the ground.  

 

Mondato understands these tensions and opportunities, and is perfectly positioned, based on its significant regulatory expertise and hands-on experience, to advise regulatory and governmental agencies on actions that will get the balancing act right.