Regulatory frameworks for hawala and other remittance systems / Monetary and Financial Systems Dept.

Format:

Book

Conference/Event

Government document

Contributor:

International Monetary Fund. Monetary and Financial Systems Department.

Conference Name:

International Conference on Hawala (2nd : 2004 : Abu Dhabi )

Language:

English

Subjects (All):

International Monetary Fund.

Hawala system--Congresses.

Hawala system.

International Monetary Fund--Congresses.

Emigrant remittances--Congresses.

Emigrant remittances.

Genre:

Conference papers and proceedings.

Physical Description:

v, 114 pages : illustrations ; 23 cm

Place of Publication:

Washington, D.C. : Monetary and Financial Systems Dept., International Monetary Fund, [2005]

Summary:

Hawala and other remittance systems have gained attention in recent years with the substantial growth of remittance flows from countries with large migrant labor forces and with increased focus on combating money laundering and the financing of terrorism. The IMF and the World Bank have been researching these systems since 2002 to better understand the interplay of historical, cultural, and economic factors that promote such systems. This book is a survey of regulatory practices and an overview of experiences in different countries, and includes articles on regulatory frameworks in remitting and receiving countries and on the problems that can arise when regulating remittance systems.

Contents:

Work of the IMF and informal funds transfer systems / R. Barry Johnston

Formalizing the informal? Problems in the national and international regulation of hawala / Nikos Passas

Comparing mature and nascent remittance corridors: U.S.-Mexico and Canada-Vietnam / Raúl Hernández-Coss

Hawala: a U.A.E. perspective / Saeed Al-Hamiz

The Netherlands: supervision of money remittance offices / Maud J. Bökkerink

U.K. regulation of money service businesses / David Faulkner

Challenges of regulating and supervising the hawaladars of Kabul / Samuel Munzele Maimbo

Banco Central do Brasil's foreign exchange systems / Paulo Roberto Gonçalves

Regulatory and supervisory framework of funds transfers in Colombia / Andres Arboleda Uribe

Some critical issuses on informal value transfer systems in Eastern and Southern Africa anti-money laundering group member countries / Charles Lengalenga

Somalia: the experience of hawala receiving countries / Mohamed Djirdeh Houssein.

Notes:

Includes bibliographical references.

ISBN:

1589064232

OCLC:

58961646