Challenges in Correspondent Banking in the Small States of the Pacific is popular PDF and ePub book, written by Jihad Alwazir in 2017-04-13, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Challenges in Correspondent Banking in the Small States of the Pacific can be Read Online from any device for your convenience.
Challenges in Correspondent Banking in the Small States of the Pacific Book PDF Summary
Access to financial services in the small states of the Pacific is being eroded. Weaknesses in Anti-Money Laundering and Combating the Financing of Terrorism compliance in the context of high levels of remittances are contributing to banks’ decisions to withdraw corresponding banking relationships and close bank accounts of money transfer operators. In this paper, we gather evidence on these developments in the small states of the Pacific, discuss the main drivers, and the potentially negative impact on the financial sector and macroeconomy. We then identify the collective efforts needed to address the consequences of withdrawal of corresponding banking relationships and outline policy measures to help the affected countries mitigate the impact.
Detail Book of Challenges in Correspondent Banking in the Small States of the Pacific PDF
- Author : Jihad Alwazir
- Release : 13 April 2017
- Publisher : International Monetary Fund
- ISBN : 9781475594768
- Genre : Business & Economics
- Total Page : 29 pages
- Language : English
- PDF File Size : 13,7 Mb
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