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International remittances : background, verification proposals, and money laundering issues /
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Novinka,
[2016]
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| Colección: | Monetary, fiscal and trade policies series.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Preface; Chapter 1; Remittances: Background and Issues for Congress*; Summary; Introduction; Background; Global and U.S Remittance Flows; The U.S. Remittance Marketplace; Money Service Businesses (MSBs); Traditional Financial Institutions; Mobile and other Emerging Payment Systems; Regulation of Remittance Providers; International Standards and Principles; U.S. Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Efforts; Consumer Protection; State-Licensing of Remittance Providers; "Dodd-Frank" Measures; Remittances and U.S. Development Policy.
- Promoting Economic DevelopmentIncreased Access to Financial Services; Issues for Congress; Regulation of Remittances; Promoting Remittances as a Development Tool; Remittances and U.S. Immigration Policy; End Notes; Chapter 2; International Remittances: Actions Needed to Address Unreliable Official U.S. Estimate*; Why GAO Did This Study; What GAO Recommends; What GAO Found; Abbreviations; Background; Potential Effect of a Fine on Remitters without Legal Status Is Uncertain and Depends on a Variety of Factors.
- Several Factors Could Affect the Amount of Revenue Generated from a Proposed Fine on Remitters without Legal Status, as Hypothetical Scenarios ShowProposed Legislation Raises Other Issues for CFPB; A Requirement for Proof of Legal Status or Payment of a Fine Would Also Affect Providers; BEA Does Not Follow Best Practices for Estimating Remittances, Leading to an Unreliable Estimate; BEA's Estimates of Remittances from the United States; BEA Changed Its Remittance Estimation Methodology in 2012 to Incorporate New Data on Reported Remittances.
- BEA's Methodology Resulted in Unreliable Estimates, Partly Due to its Failure to Follow Best Practices and Guidelines for Federal Statistical AgenciesBEA Did Not Follow Its Own Best Practices for Documenting Its Procedures; BEA's Methodology Resulted in Unreliable Estimates; BEA Does Not Regard Its Remittance Estimate as Influential; Conclusion; Recommendations for Executive Action; Agency Comments and Our Evaluation; Appendix I: Objectives, Scope, and Methodology; End Notes; Chapter 3.
- International Remittances: Money Laundering Risks and Views on Enhanced Customer Verification and Recordkeeping Requirements*Why GAO Did This Study; What GAO Found; Abbreviations; Background; Remittance Transfer Methods; Other Methods of Remittance Transfers; Money Laundering; Federal and State Oversight of Financial Institutions; Bank Secrecy Act Requirements and Compliance-Related Challenges; Money Transmitters and Depository Institutions Are Subject to Similar BSA Requirements; AML Program Requirements; Reporting Requirements; Recordkeeping and Identity Verification.