This could be accentuated if for expansion of finance access too much of regulatory forbearance by way of relaxed KYC norms is given even for large volume/high frequency transactions.
While, as discussed above, greater financial inclusion can facilitate monitoring of a larger share of suspicious transactions, the emergence of payment services, in particular person to person remittance facilities, to cater to the needs of an increasing large base of retail clients may also provide opportunities for illegal activities.