Making Remittances Work: Balancing Financial Integrity and Inclusion

H.M. Queen Máxima of the Netherlands, United Nations Secretary-General?s Special Advocate for Inclusive Finance for Development stated that ?the impact of helping migrants and their families will be lasting and global if we link remittances to other financial services and make them more affordable a...

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Những tác giả chính:	Todoroki, Emiko, Noor, Wameek, Celik, Kuntay, Kulathunga, Anoma
Định dạng:	Sách
Ngôn ngữ:	English
Được phát hành:	World Bank 2015
Những chủ đề:	Remittances Financial integrity Financial inclusion Aml/cft
Truy cập trực tuyến:	https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56469
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id	oai:scholar.dlu.edu.vn:DLU123456789-56469
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spelling	oai:scholar.dlu.edu.vn:DLU123456789-564692023-11-11T05:36:29Z Making Remittances Work: Balancing Financial Integrity and Inclusion Todoroki, Emiko Noor, Wameek Celik, Kuntay Kulathunga, Anoma Remittances Financial integrity Financial inclusion Aml/cft H.M. Queen Máxima of the Netherlands, United Nations Secretary-General?s Special Advocate for Inclusive Finance for Development stated that ?the impact of helping migrants and their families will be lasting and global if we link remittances to other financial services and make them more affordable and more relevant to their needs.? Remittances are a critical source of financing for most developing countries. The importance of remittances goes beyond numbers. For many households in developing countries, they are probably the most stable source of primary or additional income. At the same time, the September 11, 2001, terrorist attacks exposed the use and abuse of remittance channels for financing terrorism. In response to this threat, the international community issued new international anti-money laundering/combating the financing of terrorism (AML/CFT) standards on remittance transfers and their service providers. For the first time, remittance service providers were required to be brought under the government oversight and either registered with or licensed by a competent authority, and to be subject to AML/CFT obligations. While the FATF Recommendations appear straightforward on paper, regulating and supervising in practice the money transfer business has proved to be a very challenging task in both developed and developing countries. This book assists policy makers, regulators, and supervisors of money transfer businesses to craft effective regulatory and supervisory frameworks governing remittances that meet international AML/CFT standards, while at the same time ensuring that the neediest have access to these crucial services. 2015-06-15T06:39:52Z 2015-06-15T06:39:52Z 2014 Book 9781464801099 9781464801105 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56469 en application/pdf World Bank
institution	Thư viện Trường Đại học Đà Lạt
collection	Thư viện số
language	English
topic	Remittances Financial integrity Financial inclusion Aml/cft
spellingShingle	Remittances Financial integrity Financial inclusion Aml/cft Todoroki, Emiko Noor, Wameek Celik, Kuntay Kulathunga, Anoma Making Remittances Work: Balancing Financial Integrity and Inclusion
description	H.M. Queen Máxima of the Netherlands, United Nations Secretary-General?s Special Advocate for Inclusive Finance for Development stated that ?the impact of helping migrants and their families will be lasting and global if we link remittances to other financial services and make them more affordable and more relevant to their needs.? Remittances are a critical source of financing for most developing countries. The importance of remittances goes beyond numbers. For many households in developing countries, they are probably the most stable source of primary or additional income. At the same time, the September 11, 2001, terrorist attacks exposed the use and abuse of remittance channels for financing terrorism. In response to this threat, the international community issued new international anti-money laundering/combating the financing of terrorism (AML/CFT) standards on remittance transfers and their service providers. For the first time, remittance service providers were required to be brought under the government oversight and either registered with or licensed by a competent authority, and to be subject to AML/CFT obligations. While the FATF Recommendations appear straightforward on paper, regulating and supervising in practice the money transfer business has proved to be a very challenging task in both developed and developing countries. This book assists policy makers, regulators, and supervisors of money transfer businesses to craft effective regulatory and supervisory frameworks governing remittances that meet international AML/CFT standards, while at the same time ensuring that the neediest have access to these crucial services.
format	Book
author	Todoroki, Emiko Noor, Wameek Celik, Kuntay Kulathunga, Anoma
author_facet	Todoroki, Emiko Noor, Wameek Celik, Kuntay Kulathunga, Anoma
author_sort	Todoroki, Emiko
title	Making Remittances Work: Balancing Financial Integrity and Inclusion
title_short	Making Remittances Work: Balancing Financial Integrity and Inclusion
title_full	Making Remittances Work: Balancing Financial Integrity and Inclusion
title_fullStr	Making Remittances Work: Balancing Financial Integrity and Inclusion
title_full_unstemmed	Making Remittances Work: Balancing Financial Integrity and Inclusion
title_sort	making remittances work: balancing financial integrity and inclusion
publisher	World Bank
publishDate	2015
url	https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56469
_version_	1782544417026998272

Making Remittances Work: Balancing Financial Integrity and Inclusion

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