Purpose The purpose of this paper is to explore the various characteristics of mobile money transactions and the threats they present to anti-money laundering (AML) and counter terrorist financing regimes. Design/methodology/approach A thorough literature review was conducted on mobile money transactions and the associated money-laundering and terrorist financing threats. Four key themes were identified in relations to the three stages of money laundering and effective law enforcement. Findings The findings indicate that as money laundering and terrorist financing transactions continue to gravitate towards the weaknesses in the financial system, mobile money provides yet another avenue for criminals to exploit. Risk factors associated with anonymity, elusiveness, rapidity and lack of oversights were all integral considerations in building an effective AML regime. The use of cash is considered a higher threat than mobile money prior to implementation of systems and controls. Practical implications This rapidly changing environment of how individuals manage their money during transactions is set to further explode globally, which poses new problems for regulators and governments alike. Unless there is a unified concentration to heighten global awareness, the imposing threat of mobile money is set to increase at a rapid rate if appropriate actions are not taken. Originality/value The findings from this study can be used to gain greater insights on mobile money transactions and raise further awareness of the ever-increasing threat to global financial integrity.

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Within the University, Ransone had an enviable reputation as an outstanding teacher and adviser to several generations of graduate students in public administration. While working closely with the department's graduate programs, he was, nevertheless, always available to counsel with undergraduates and throughout his career regularly taught introductory-level courses in American Government and State Politics. He was a member of the University nominating committee for Rhodes, Marshall, and Danforth scholarships (1977)(1978)(1979)(1980)(1981)(1982)(1983) and during the same period served as campus representative for the Truman Scholarship program.Ransone's work with the Bureau of Public Administration, in addition to producing numerous publications, also involved him in extensive public service assignments. These included serving as a consultant to the Alabama Ethics Commission (1969-70), and to the Center for Policy Research of the National Governors' Association (1978). He also served as a member of the Alabama Constitutional Commission for six years during the 1970s.