Important Papers and Studies
Also see 'US Government Links' (under Resources) for various Treasury and GAO reports. Also see 'Immigration and Remittances' (under Resources.) Also see 'Remittances and Consumer Issues' (under Topics.)
Appleseed Report
Banking in a Global Market - January 2008 Report Supplement - January 2008
Evolving Financial Services Markets: Recent Trends in Reaching Mexican Immigrants - 2004 / 2006
Expanding Immigrant Access to Mainstream Financial Services - 2006
Expanding and Improving Financial Services for Low - and Moderate - Income Immigrant Communities: Next Steps - 2006
Study of US-Mexico Remittance Market - 2005
Summary: Study of US-Mexico Remittance Market - 2005
Appleseed Releases Report on Remittances, Calls for Transparency in the U.S.- Mexico Remittance Market - December 2005
Fair Exchange Follow-Up: Appleseed and Private-Sector Partners Announce New Fair ExchangeBrand -- Launch Market-Based Pilot of Pricing Disclosure for International Remittance Transactions, April 12, 2007.
Meeting the Financial Service Needs of Mexican Immigrants - 2004
Immigrant Financial Services: Guide for Non-profits - 2004
Appleseed Projects
Immigrant Access: Latin American Immigrant Access to Financial Institutions
Bank for International Settlements
General principles for international remittance services - final version.
Draft Version Issued for Comment - March 2006 - Comments were invited from any interested parties, comment period closed August 18, 2006.
CGAP - Consultative Group to Assist the Poor/The World Bank
Making Money Transfers Work for Microfinance Institutions A Technical Guide to Developing and Delivering Money Transfers - Draft for Public Review - December 2006- Jennifer Isern, William Donges, Jeremy Smith.
CRS - Congressional Research Service
Money Laundering: An Overview of 18 U.S.C. 1956 and Related Federal Criminal Law
Appleseed Report
Banking in a Global Market - January 2008 Report Supplement - January 2008
Evolving Financial Services Markets: Recent Trends in Reaching Mexican Immigrants - 2004 / 2006
Expanding Immigrant Access to Mainstream Financial Services - 2006
Expanding and Improving Financial Services for Low - and Moderate - Income Immigrant Communities: Next Steps - 2006
Study of US-Mexico Remittance Market - 2005
Summary: Study of US-Mexico Remittance Market - 2005
Appleseed Releases Report on Remittances, Calls for Transparency in the U.S.- Mexico Remittance Market - December 2005
Fair Exchange Follow-Up: Appleseed and Private-Sector Partners Announce New Fair ExchangeBrand -- Launch Market-Based Pilot of Pricing Disclosure for International Remittance Transactions, April 12, 2007.
Meeting the Financial Service Needs of Mexican Immigrants - 2004
Immigrant Financial Services: Guide for Non-profits - 2004
Appleseed Projects
Immigrant Access: Latin American Immigrant Access to Financial Institutions
Bank for International Settlements
General principles for international remittance services - final version.
Draft Version Issued for Comment - March 2006 - Comments were invited from any interested parties, comment period closed August 18, 2006.
CGAP - Consultative Group to Assist the Poor/The World Bank
Making Money Transfers Work for Microfinance Institutions A Technical Guide to Developing and Delivering Money Transfers - Draft for Public Review - December 2006- Jennifer Isern, William Donges, Jeremy Smith.
CRS - Congressional Research Service
Money Laundering: An Overview of 18 U.S.C. 1956 and Related Federal Criminal Law
FFIEC
Manual de Inspeccion BSA/AML del FFIEC (BSA/AML Manual 2007 - Spanish)
Financial Services Authority
FSA - Confirmation of Industry Guidance - November 2006
The Financial Services Authority last week set out plans to encourage greater use of Industry Guidance as it moves towards a more principles-based approach to regulation.
Industry Guidance includes Codes of Practice and similar Statements generated by trade associations and professional bodies to help their members understand and follow good practice in meeting regulatory requirements.
A Discussion Paper sets out the FSA's thinking on the role of Industry Guidance in a more principles-based regulatory structure. The paper:
The paper is the outcome of a review the FSA carried out this year to see how it can work with industry codes in solving market failures and defining practices which are consistent with an FSA Rule Book modeled more on high-level principles and rules. FSA - The Financial Services Authority website page
Manual de Inspeccion BSA/AML del FFIEC (BSA/AML Manual 2007 - Spanish)
Financial Services Authority
FSA - Confirmation of Industry Guidance - November 2006
The Financial Services Authority last week set out plans to encourage greater use of Industry Guidance as it moves towards a more principles-based approach to regulation.
Industry Guidance includes Codes of Practice and similar Statements generated by trade associations and professional bodies to help their members understand and follow good practice in meeting regulatory requirements.
A Discussion Paper sets out the FSA's thinking on the role of Industry Guidance in a more principles-based regulatory structure. The paper:
- recognizes that industry guidance is not new, but already exists in different parts of the regulatory system
- makes clear that industry guidance will supplement rules not replace them
- sets out a standard process for FSA to recognize industry guidance
- makes clear the standards that will be applied in recognizing such guidance
- confirms that the FSA will not take action against a firm which has complied with recognized guidance covering the issue concerned
The paper is the outcome of a review the FSA carried out this year to see how it can work with industry codes in solving market failures and defining practices which are consistent with an FSA Rule Book modeled more on high-level principles and rules.
Interpol
MIF-FOMIN
The FSA is looking for comments and feedback to the Discussion Paper by 31 January 2007.
Source:
Remittances Studies
Core Principles for Remittance Companies, Government and Civil Society
Inter-American Dialogue
Migration and Remittances in Times of Recession: Effects on Latin American Economies - April 2009
By Dr. Manuel Orozco
Making the Most of Family Remittances - Second Report of the Inter-American Dialogue Task Force on Remittances - May 2007
Research on Remittances to Latin America and the Caribbean - March 14, 2007
All in the Family: Latin America's Most Important International Financial Flow - Report of the Inter-American Dialogue Task Force on Remittances - January 2004
Remittances to Latin America and its Effect on Development - Manuel Orozco, Project Director, Central America - 2001
Remittances and Markets: New Players and Practices - Dr. Manuel Orozco - May 2000
Core Principles for Remittance Companies, Government and Civil Society
Inter-American Dialogue
Migration and Remittances in Times of Recession: Effects on Latin American Economies - April 2009
By Dr. Manuel Orozco
Making the Most of Family Remittances - Second Report of the Inter-American Dialogue Task Force on Remittances - May 2007
Research on Remittances to Latin America and the Caribbean - March 14, 2007
All in the Family: Latin America's Most Important International Financial Flow - Report of the Inter-American Dialogue Task Force on Remittances - January 2004
Remittances to Latin America and its Effect on Development - Manuel Orozco, Project Director, Central America - 2001
Remittances and Markets: New Players and Practices - Dr. Manuel Orozco - May 2000
The FSA is looking for comments and feedback to the Discussion Paper by 31 January 2007.
Source:
Inter-American Development Bank
Sending Money Home: Worldwide Remittance Flows to Developing Countries - October 2007
Migrant Remittances from the United States to Latin America to reach $45 Billion in 2006, says IDB - October 18, 2006
Remittances to select LAC Countries in 2005 (US$ millions)
Sending Money Home: Worldwide Remittance Flows to Developing Countries - October 2007
Migrant Remittances from the United States to Latin America to reach $45 Billion in 2006, says IDB - October 18, 2006
Remittances to select LAC Countries in 2005 (US$ millions)
Financial Institutions and the Remittances Market in the Dominican Republic - Lenora Suki - The Earth Institute at Columbia University - November 2004
International Monetary Fund
April 2007
A Theory of "Crying Wolf": The Economics of Money Laundering Enforcement
Előd Takáts, IMF Working Paper, Western Hemisphere Department
Remittances Statistics - April 2006
Financial Intelligence Units: An Overview - July 23, 2004 - IMF/World Bank (English version.)
Unidades de Inteligencia Financiera: Panorama General - 23 de Julio de 2004
INCSR - 2009 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes
INCSR - 2008 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes
Related Material
INCSR - 2007 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes
Presidential Determination on Methamphetamine Precursor Chemicals
Related Material
INCSR - 2006 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes
Related Material
The National Conference of Commissioners on Uniform State Laws
Drafts of Uniform and Model Acts: Uniform Money Services Act
Formerly known as the Non-Depository Providers of Financial Services Act & as Uniform Money Services Business Act.
National Conference of State Legislatures
Immigrant Policy - 2006 State Legislation Related to Immigration: Enacted and Vetoed
October 31, 2006
2007 Enacted State Legislation Related to Immigrants and Immigration
January 31, 2008
2007 Final Report
Nikos Passas, Professor Ph.D., - University of Edinburgh (Scotland); MA in Criminology (D.E.A.), University of Paris - Paris II; LL.B., University of Athens
Northeastern University - College of Criminal Justice
Fighting Terror with Error: The Counter-productive Regulation of Informal Value Transfers
Roger Ballard, Consultant Anthropologist
Remittance Transfers through Hawala Networks
Coalitionsof reciprocity and the maintenance of financial integrity within informal value transmission systems: The Operational Dynamics of Contemporary Hawala Networks
Hawala: Criminal Haven or Vital Financial Network?
Samuel Munzele Maimbo
The Regulation And Supervision Of Informal Remittance Systems: Emerging Oversight Strategies -November 24, 2004
International Monetary Fund
April 2007
A Theory of "Crying Wolf": The Economics of Money Laundering Enforcement
Előd Takáts, IMF Working Paper, Western Hemisphere Department
Remittances Statistics - April 2006
Financial Intelligence Units: An Overview - July 23, 2004 - IMF/World Bank (English version.)
Unidades de Inteligencia Financiera: Panorama General - 23 de Julio de 2004
INCSR - 2009 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes
INCSR - 2008 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes
Related Material
INCSR - 2007 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes
Presidential Determination on Methamphetamine Precursor Chemicals
Related Material
INCSR - 2006 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes
Related Material
The National Conference of Commissioners on Uniform State Laws
Drafts of Uniform and Model Acts: Uniform Money Services Act
Formerly known as the Non-Depository Providers of Financial Services Act & as Uniform Money Services Business Act.
National Conference of State Legislatures
Immigrant Policy - 2006 State Legislation Related to Immigration: Enacted and Vetoed
October 31, 2006
2007 Enacted State Legislation Related to Immigrants and Immigration
January 31, 2008
2007 Final Report
Nikos Passas, Professor Ph.D., - University of Edinburgh (Scotland); MA in Criminology (D.E.A.), University of Paris - Paris II; LL.B., University of Athens
Northeastern University - College of Criminal Justice
Fighting Terror with Error: The Counter-productive Regulation of Informal Value Transfers
Roger Ballard, Consultant Anthropologist
Remittance Transfers through Hawala Networks
Coalitionsof reciprocity and the maintenance of financial integrity within informal value transmission systems: The Operational Dynamics of Contemporary Hawala Networks
Hawala: Criminal Haven or Vital Financial Network?
Samuel Munzele Maimbo
The Regulation And Supervision Of Informal Remittance Systems: Emerging Oversight Strategies -November 24, 2004
Pew Hispanic
Between Here and There: How Attached Are Latino Immigrants to Their Native Country? October 25, 2007... Roger Waldinger, University of California, Los Angeles
Latino Immigrants, Remittances and Banking
2006 National Survey of Latinos - The Immigration Debate - July 13, 2006
The Remittance Marketplace: Prices, Policy and Financial Institutions - Dr. Manuel Orozco - June 7, 2004
Remittance Senders And Receivers - Tracking The Transnational Channels - November 24, 2003
Uniform Money Services Business Act (There is also a 2004 cyberpayments model...)
Uniform Money Services Act- Final Act 2000 (Last Revised or Amended in 2004)
2004 Annual Meeting Approved Text
2004 Annual Meeting Memo
Amendments to Uniform Money Services Act, March 2004 - The above links were clipped from the UPENN page, q.v. for complete listings. (Scroll 3/4's down to view. Also see Uniform Non-Depository Providers of Financial Services Act on the same page.)
UN-INSTRAW - United Nations International Research and Training Institute for the Advancement of Women
UN-STRAW - (Home page.)
Women Migrants must be Better Heard to make Remittances more Effective for Development, urged a UN Top Official - July 10, 2007Gender and Remittances
Letter Dated 08/30/2006 from the Permanent Representative of the Dominican Republic to the United Nations Addressed to the President of the General Assembly - 09/14/2006 (Click on "Welcome,' then click on "Simple Search.' Enter A/61/343 in the box marked "Symbol,' then hit enter.)
The Wolfsberg Principles
Global Banks: Global Standards - 2006
Wolfsberg AML Principles for Correspondent Banking - 2006
World Bank