REMITTANCES TO FRAGILE COUNTRIES
Treasury Should Assess Risks from Shifts to Non-Banking Channels
Business & Finance, Accounting, Governmental
| Author: | Hugues Dumont | ISBN: | 1230002223261 |
| Publisher: | Hugues DUMONT | Publication: | March 19, 2018 |
| Imprint: | Language: | English |
| Author: | Hugues Dumont |
| ISBN: | 1230002223261 |
| Publisher: | Hugues DUMONT |
| Publication: | March 19, 2018 |
| Imprint: | |
| Language: | English |
The United States is the largest source of remittances, with an estimated $67 billion sent globally in 2016, according to the World Bank. Many individuals send remittances through money transmitters, a type of business that facilitates global money transfers. Recent reports found that some money transmitters have lost access to banking services due to derisking—the practice of banks restricting services to customers to, in part, avoid perceived regulatory concerns about facilitating criminal activity...
The United States is the largest source of remittances, with an estimated $67 billion sent globally in 2016, according to the World Bank. Many individuals send remittances through money transmitters, a type of business that facilitates global money transfers. Recent reports found that some money transmitters have lost access to banking services due to derisking—the practice of banks restricting services to customers to, in part, avoid perceived regulatory concerns about facilitating criminal activity...
