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Tuesday, July 21, 2020 | History

2 edition of Alternative remittance systems and terrorism financing found in the catalog.

Alternative remittance systems and terrorism financing

Matteo Vaccani

Alternative remittance systems and terrorism financing

issues in risk mitigation

by Matteo Vaccani

  • 78 Want to read
  • 6 Currently reading

Published by World Bank in Washington, D.C .
Written in English

    Subjects:
  • Terrorism -- Finance,
  • Money laundering,
  • Capital movements,
  • Emigrant remittances

  • Edition Notes

    Includes bibliographical references.

    StatementMatteo Vaccani.
    SeriesWorld bank working paper -- no. 180
    Classifications
    LC ClassificationsHV6431 .V32 2010
    The Physical Object
    Paginationp. cm.
    ID Numbers
    Open LibraryOL24044684M
    ISBN 109780821381786, 9780821381793
    LC Control Number2009037077

    The Asian alternative remittance systems and money laundering Article in Journal of Money Laundering Control 7(2) April with Reads How we measure 'reads'. Development v. Terrorism — migrant remittances or terrorist financing? This paper considers a vital and growing aspect of global capital flows—migrant remittances. These transfers of value, electronically, in currency or in goods, may be viewed as an important contributor to economic development in Africa, Asia, Latin America and the Size: KB.

    Alternative remittance services have been called upon to enable ordinary people, workers, travellers and immigrants to transfer legal funds to their families and business counterparts. However, these alternative systems can also be used by tax evaders, terrorists, money launderers and other criminals.   Alternative remittance systems such as Hawala, where money is moved informally between a network of brokers in the Middle East, north Africa and south Asia have been identified as a potential source of terrorist financing leading to calls for greater regulation of such alternative remittance systems. This book analyses the risk such alternative Author: Karen Clubb.

    Downloadable! As a whole, this PhD thesis follows three research lines, namely: (1) the conceptual line - concerns the definition of the money laundering and terrorism financing phenomenon, the processes, mechanisms, stages and instruments of the laundering of illegally obtained fund; (2) the estimative line aimed at measuring the size of money laundering phenomenon, the economic, social and. THE REGULATION AND SUPERVISION OF INFORMAL REMITTANCE SYSTEMS: Emerging Oversight Strategies Samuel Munzele Maimbo1 Novem 1 Samuel Munzele Maimbo is a financial sector specialist in the South Asia Region of the World Bank. Since March , he has led the Bank’s work on informal remittance by: 6.


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Alternative remittance systems and terrorism financing by Matteo Vaccani Download PDF EPUB FB2

The paper begins with a brief description of alternative remittance system (ARS) models and their prevalence. It then covers their potential relationship with terrorist financing, citing cases where ARS have been abused for terrorism financing (TF) purposes.

Alternative Remittance Systems and Terrorism Financing: Issues in Risk Management 9 Figure Ranjha Case Alleged Transfer Network, – Source:Author’srepresentationbasedonUS lahAnjumRanjhaetal.

W P _ 1 8 0 _ p r i n t _ 1 9. p d f 1 7 WP__print_pdf 17 1 1 / 6 / 2 0 0 9 1 1: 2 0: 3 5 A M 11/6/ Officials in Pakistan, for example, estimate that more than $7 billion flow into the nation through hawala channels each year.

Other Alternative Remittance or Informal Value Transfer Systems include “hundi,” “fei ch ‘ien,” “chit system,” “poey kuan” and the black market peso exchange. keywords: ars, alternative remittance systems, black market peso exchange, hawala, informal value transfers, phoe kuan, terrorist financing, underground economy, hundi, remittances Alternative Remittance Systems and Terrorism Financing: Issues in Risk Mitigation.

THE WORLD BANK WORLD BANK WORKING PAPER NO. Alternative Remittance Systems and Terrorism Financing Issues in Risk Management Matteo Vaccani Public Disclosure Authorized. Get this from a library.

Alternative remittance systems and terrorism financing: issues in risk management. [Matteo Vaccani] -- Alternative Remittance Systems and Terrorism Financing: Issues in Risk Management is part of the World Bank Working Paper series.

These papers are published to communicate the results of the Bank's. Alternative remittance systems and terrorism financing: issues in risk management (English) Abstract.

Terrorism can endanger innocent human life and tear the very threads that hold society together, namely, trust and security. Governments have mobilized a variety of Cited by: 6. Read "Alternative Remittance Systems And Terrorism Financing: Issues In Risk Mitigation" by Vaccani Matteo available from Rakuten Kobo.

This paper is designed to cover a subset of such category, i.e. the realm of unregulated/informal Alternative Remittance Brand: World Bank.

'Alternative Remittance Systems and Terrorism Financing: Issues in Risk Management' aims to help countries bring these informal alternative remittance systems into their counter-terrorism programs, without hindering the ability of those who depend on these systems to.

Get this from a library. Alternative remittance systems and terrorism financing: issues in risk management. [Matteo Vaccani] -- The Schumpeterian process of "creative destruction" is an essential ingredient of a dynamic economy.

In many countries around the world, however, this process is weakened by pervasive regulation of. Downloadable. Terrorism can endanger innocent human life and tear the very threads that hold society together, namely, trust and security.

Governments have mobilized a variety of tools in response, ranging from the political to the economic. In attempting to prevent and detect terrorist financing and other forms of material support, those offering financial services have been required to.

This paper is designed to cover a subset of such category, i.e. the realm of unregulated/informal Alternative Remittance Systems, also known as informal value transfer systems (IVTS).

In these. International Best Practices: Combating the Abuse of Alternative Remittance Systems (SR VI) Send Print Tweet. Combating the Abuse of Alternative Remittance Systems Download pdf (kb) Alternative remittance systems are financial services, traditionally operating outside the conventional financial sector, where value or funds are moved from.

Alternative Remittance Systems and Terrorism Financing: Issues in Risk Mitigation This paper is designed to cover a subset of such category, i.e. the realm of unregulated/informal Alternative.

Lee "Alternative Remittance Systems And Terrorism Financing: Issues In Risk Mitigation" por Vaccani Matteo disponible en Rakuten Kobo. This paper is designed to cover a subset of such category, i.e.

the realm of unregulated/informal Alternative Remittance Brand: World Bank. Alternative Remittance Systems. Money Laundering Vulnerabilities in the Insurance Sector. Proceeds from Trafficking in Human Beings and Illegal Migration. Money Laundering and Terrorist Financing Trends and Indicators: Initial Perspectives.

The four chapters of this document are the reports prepared by the project teams. The events of 11 September have heightened interest in ensuring that all sectors of the financial system are not misused either by criminal or terrorist groups.

In addition to conventional banks, money and value can be transferred by alternative remittance providers who have, until recently, not been closely regulated. Regulators are concerned that the informal nature of these businesses.

financing of terrorism in a manner most appropriate to their circumstances. Context The international community’s efforts to prevent and punish the financing of terrorism are part of a larger effort to combat all aspects of terrorism. These efforts have been deployed at the global and at the regional : Glenn Gottselig, Paul Gleason, Chris Matson, Martina Vortmeyer.

Managing Terrorism Financing Risk in Remittances and Money Transfers. Download the full testimony here. Chairman Pearce, Ranking Member Perlmutter and members of the House Financial Services Subcommittee on Terrorism and Illicit Finance, thank you for the opportunity to testify today.

Although diverse, alternative remittance systems are. Terrorist financing is the process by which terrorists fund their operations in order to perform terrorist acts.

Terrorists need financial support to carry out their activities and to achieve their goals. There is little difference between terrorists and other criminals in their abuse of the financial system.

Handbook on anti-money laundering and combating the financing of terrorism for nonbank financial institutions. Mandaluyong City, Philippines: Asian Development Bank, Alternative remittance systems: Unregulated remittance systems such as Handbook on Anti-Money Laundering and Combating the Financing of Size: 2MB.This study on alternative remittance systems (ARSs) was written in response to a request for According to World Bank Remittance Fact Book, Anti-money laundering and combating the financing of terrorism ARS Alternative remittance system BEEPS Business Environment and Enterprise Performance Survey.

CTED also helps States to counter the misuse of non-profit organizations (NPOs) and alternative remittance systems (ARS) for terrorist-financing purposes and .