Important Papers and Studies


* Note: Views expressed in the following publications, content or information do not necessarily reflect the views of the NMTA. - ed.

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
Appleseed Network
- Home page
   NMTA's Appleseed page


Bank for International Settlements
Bank for International Settlements - Home page
General principles for international remittance services - Publication of Final Report - January 23, 2007.

Giovanni Carosio: Global Remittances
Remarks by Mr Giovanni Carosio, Deputy Director General of the Bank of Italy, at the International Conference of Remittances, G8 Global Remittances Working Group plenary meeting, Rome - November 9, 2009.
CGAP - Consultative Group to Assist the Poor/The World Bank
CGAP - Consultative Group to Assist the Poor/The World Bank - Home page
Extending Financial Services with Banking Agents - This Brief provides a quick look at the growing use of banking agents to extend financial services to low-income and poor people - April 15, 2008

Making Money Transfers Work for Microfinance Institutions - This Technical Guide helps financial service providers determine whether they should offer money transfer services. Jennifer Isern, William Donges, Jeremy Smith - March 1, 2008

Bank Secrecy Act (BSA) /Anti-Money Laundering (AML) Examination Manual
Manual de Inspeccion BSA/AML del FFIEC (BSA/AML Manual 2010 - Spanish)
Financial Conduct Authority
FCA - Financial Conduct Authority - Home page
Information for Money Remitters - May 15, 2013

FiSCA - Financial Service Centers of America - Home Page


 

FSA - Financial Services Authority

FSA - Financial Services Authority - Home page. (The FSA has now become two separate regulatory authorities.The Financial Conduct Authority and the The Prudential Regulation Authority. -ed.)
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.

FindLaw
FindLaw
- Home page
Financial Institutions and the Remittances Market in the Dominican Republic
- Lenora Suki - The Earth Institute at Columbia University - November 2004

Interpol
Interpol - Home page
Interpol - Money Laundering page
The Hawala Alternative Remittance System and its Role in Money Laundering - Interpol General Secretariat, Lyon, January 2000
Funds derived from criminal activities


 

2004
Unlicensed Money Transmitting Businesses and Mens Rea under the USA PATRIOT Act
Andrew Schouten


Inter-American Dialogue
IAD - Inter-American Dialogue - Home page

Remittances and Development page
   NMTA's Dr. Manuel Orozco page
Making the Most of Family Remittances - Second Report of the Inter-American Dialogue Task Force on Remittances - May 3, 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
IADB - Inter-American Development Bank
IADB - Inter-American Development Bank
- Home page
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)

IFAD - International Fund for Agricultural Development
IFAD - International Fund for Agricultural Development - Home page
Sending Money Home: Worldwide Remittance Flows to Developing Countries - October 2007
International Monetary Fund
IMF - International Monetary Fund - Home page
Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) - Topics - December 14, 2011
Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) - Reference Materials - December 14, 2011
A Theory of "Crying Wolf": The Economics of Money Laundering Enforcement - Előd Takáts, IMF Working Paper, Western Hemisphere Department - April 2007
International Transactions in Remittances: Guide for Compilers and Users - October 2009
Financial Intelligence Units: An Overview - July 23, 2004 - IMF/World Bank (English version.)
Unidades de Inteligencia Financiera: Panorama General - 23 de Julio de 2004 (Spanish version)
Regulatory Frameworks for Hawala and Other Remittance Systems

MIF-FOMIN - Multilateral Investment Fund

MIF - Multilateral Investment Fund - Home page
MIF - Remittances page
MIF - Remittances - Research page
Core Principles for Remittance Companies, Government and Civil Society


The National Conference of Commissioners on Uniform State Laws
National Conference of Commissioners on Uniform State Laws - Home page (The National Conference of Commissioners on Uniform State Laws is now the Uniform Law Commission. -ed.)
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.
Money Services Act page


NCSL - National Conference of State Legislatures
NCSL - National Conference of State Legislatures - Home page
NCSL - State Legislative Websites Directory
NCSL - Bill Information Service
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
Centre for Applied South Asian Studies (CASAS) - Roger Ballard's page
Remittances and Economic Development in India and Pakistan
Remittances and Economic Development

Migration, Remittances, Economic Growth And Poverty Reduction
Remittance Transfers through Hawala Networks

Coalitions of 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
Pew Hispanic - Home page
Remittances to Latin America Recover—but Not to Mexico - November 15, 2013
A Growing Share of Latinos Get Their News in English - Appendix B: 2012 National Survey of Latinos Methodology - July 23, 2013
A Growing Share of Latinos Get Their News in English - Appendix C: 2012 National Survey of Latinos Topline - July 23, 2013
2011 National Survey of Latinos - September 25, 2013
2010 National Survey of Latinos - July 19, 2013
2009 National Survey of Latinos - July 19, 2013
2008 National Survey of Latinos: Hispanic Voter Attitudes - July 24, 2008
2007 National Survey of Latinos: As Illegal Immigration Issue Heats Up, Hispanics Feel a Chill - December 13, 2007
2006 National Survey of Latinos - The Immigration Debate - July 13, 2006
Between Here and There: How Attached Are Latino Immigrants to Their Native Country? - October 25, 2007 - Roger Waldinger, University of California, Los Angeles
Billions in Motion: Latino Immigrants, Remittances and Banking - A Report produced in cooperation between The Pew Hispanic Center and The Multilateral Investment Fund
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-Draft
Uniform Money Services Act- Final Act 2000
(Last Revised or Amended in 2004)
2004 Annual Meeting Approved Text
2004 Annual Meeting Draft
2004 Annual Meeting Memo

UN-INSTRAW - United Nations International Research and Training Institute for the Advancement of Women
UN-INSTRAW - (Home page.)

U.S. Department of State
U.S. Department of State
- Home page
Narcotics Control Reports
- Home page
   NMTA's INCSR Page


INCSR - 2013 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes

INCSR - 2012 International Narcotics Control Strategy Report

Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes


INCSR - 2011 International Narcotics Control Strategy Report
Volume I: Drug and Chemical Control
Volume II: Money Laundering and Financial Crimes


The Wolfsberg Principles
Wolfsberg Principes - Home page
Wolfsberg AML Questionnaire 2014
Wolfsberg CB FAQs 2014
Wolfsberg CB Principles 2014
Global Banks: Global Standards


World Bank
World Bank
- Home page
   NMTA's World Bank page