Mitigating the Effects of De-Risking in Emerging Markets to Preserve Remittance Flows
Anti-money laundering and combating-the-financing-of-terrorism laws are grounded in reasonable national security concerns, preventing the cross-border flow of funds to terror or criminal groups. But these policies can have unintentional and costly...
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| Language: | English |
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International Finance Corporation, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/603151481274049290/Mitigating-the-effects-of-de-risking-in-emerging-markets-to-preserve-remittance-flows http://hdl.handle.net/10986/30348 |
| Summary: | Anti-money laundering and
combating-the-financing-of-terrorism laws are grounded in
reasonable national security concerns, preventing the
cross-border flow of funds to terror or criminal groups. But
these policies can have unintentional and costly
consequences, in particular for people in poor countries.
Those most affected are likely to include the families of
migrant workers, small businesses that need to access
working capital or trade finance, and recipients of
life-saving aid in active-conflict, post-conflict or
post-disaster situations. |
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