Caribbean Remittance Forum on Enhancing the Efficiency and Integrity of Remittance Transfers through Effective Regulatory and Supervisory Systems in the Caribbean

This regional forum aims at sharing knowledge and generating policy dialogue among relevant remittance stakeholders to enhance the efficiency and integrity of the migration and remittance transfer process, through effective regulatory and supervisory systems in the Caribbean region. It allows multiple countries to share their experiences, identify common challenges, learn from each others' experiences and discuss potential solutions to these challenges. The forum will also provide opportunities for networking. The past discussions on remittances and migration in the Caribbean focused largely on issues related to the Caribbean Diaspora, such as the brain-drain syndrome, the macroeconomic impact of remittances, the use of remittances for investment purposes, overall remittance patterns and trends, and remittance data collection and monitoring issues. In recent years, however, the regulatory framework for Remittance Service Providers (RSPs) has been introduced or substantially enhanced in many countries, triggered by the need to address money laundering and terrorist financing concerns. This forum focuses the discussion on regulatory practices within and outside the Caribbean region with a view to share best practices and lessons learned.

Bibliographic Details

Main Authors:	World Bank, Government of Canada
Language:	English en_US
Published:	World Bank, Washington, DC 2011-05
Subjects:	ACCESS TO FINANCE, ACCOUNTANT, ACCOUNTING, ACTION PLANS, AFFILIATE, AFFILIATES, ANTI-MONEY LAUNDERING, AUTOMATION, AUTOMOBILE, BALANCE OF PAYMENTS, BANK ACCOUNTS, BANK CREDIT, BANK OF JAMAICA, BANK REGULATION, BANK SUPERVISION, BANKING INDUSTRY, BANKING INSTITUTIONS, BANKING SUPERVISION, BANKS, BEST PRACTICE, BEST PRACTICES, BILLS OF EXCHANGE, BUSINESS DEVELOPMENT, BUSINESS MANAGEMENT, BUSINESS MODELS, BUSINESS PROCESS, BUSINESS RELATIONSHIPS, BUSINESS TRANSACTIONS, BUSINESSES, CAPACITY BUILDING, CAPACITY BUILDINGS, CAPITAL MARKETS, CASH MANAGEMENT, CENTRAL BANKING, CENTRAL BANKS, CENTRAL SECURITIES DEPOSITORY, CERTIFICATE, CERTIFICATES, CHAMBER OF COMMERCE, CLEARING HOUSE, COMMERCIAL BANK, COMMUNITY DEVELOPMENT, COMPUTER ENTHUSIAST, CONSUMER PROTECTION, CONTACT INFORMATION, COOPERATIVE CREDIT, CORPORATE TREASURY, CORRUPTION, COST OF REMITTANCE, CREDIT COOPERATIVES, CREDIT INSTITUTIONS, CREDIT MECHANISMS, CREDIT PRODUCTS, CREDIT SUPPORT, CREDIT UNION, CREDIT UNIONS, CURRENCY, CUSTOMER SERVICE, CUSTOMS, DATA COLLECTION, DATA MINING, DEBT, DEBT COLLECTION, DEVELOPMENT BANK, DISTRIBUTION NETWORK, EARLY CHILDHOOD, EASTERN CARIBBEAN CENTRAL BANK, ECONOMIC CRISIS, ECONOMIC DEVELOPMENT, ECONOMICS, ELECTRONIC BANKING, ELECTRONIC MONEY, ELECTRONIC TRANSACTION, EMAILS, EMONEY, EMPLOYEE, EMPOWERMENT, EQUITY INVESTMENTS, EQUITY STAKE, EXCHANGE CONTROL, EXCHANGE OF INFORMATION, FACILITATION, FAMILIES, FEDERAL REGULATION, FINANCIAL ACCESS, FINANCIAL CRISIS, FINANCIAL DATA, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL LITERACY, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL PRODUCT, FINANCIAL REGULATIONS, FINANCIAL REGULATOR, FINANCIAL SECTOR ASSESSMENT, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SECTOR POLICY, FINANCIAL SERVICES, FINANCIAL TRANSACTIONS, FOREIGN EXCHANGE, FRAUD, FUNDS TRANSFER SYSTEM, FUTURES, GLOBAL TRADE, HOLDING, HOUSING, HOUSING FINANCE, HUMAN RESOURCE, HUMAN RESOURCE DEVELOPMENT, HUMAN RESOURCE MANAGEMENT, IMAGE, INFORMATION SYSTEMS, INFORMATION TECHNOLOGY, INNOVATION, INSURANCE, INTELLECTUAL PROPERTY, INTERNAL AUDIT, INTERNATIONAL BANK, INTERNATIONAL BUSINESS, INTERNATIONAL DEVELOPMENT, INTERNATIONAL STANDARDS, INTERNATIONAL TRADE, INVESTING, INVESTMENT FUND, INVESTMENT PURPOSES, ISSUANCE, ISSUANCES, KNOWLEDGE NECESSARY, LAW ENFORCEMENT, LAWS, LEADERSHIP DEVELOPMENT, LEGISLATION, LETTER OF CREDIT, MACROECONOMICS, MARKET ANALYSTS, MARKET CONDITIONS, MARKET INFRASTRUCTURE, MARKETING, MEDIUM ENTERPRISES, MICRO CREDIT, MICRO ENTERPRISES, MICRO FINANCE, MICROFINANCE, MIGRANT WORKERS, MIGRATION, MOBILE COMMERCE, MOBILE PHONE, MOBILE PHONES, MONETARY AUTHORITY, MONEY LAUNDERING, MONEY TRANSFER, MONEY TRANSFERS, MORTGAGES, MULTINATIONAL, NETWORKS, NEW MARKETS, NEW TECHNOLOGIES, NEW TECHNOLOGY, NOTARY, NOTARY PUBLIC, OUTREACH, OUTSOURCING, PAYMENT SYSTEM, PAYMENT SYSTEMS, PENSION, PENSION FUND, PORTFOLIO, PRIVATE EQUITY, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRIVATE SECTORS, PRIVATIZATION, PROCUREMENT, PRODUCT DEVELOPMENT, PROFITABILITY, PROGRAMS, PROJECT MANAGEMENT, PUBLIC ADMINISTRATION, REAL ESTATE, REGISTRY, REGULATORY CHALLENGES, REGULATORY EXPERTS, REGULATORY FRAMEWORK, REGULATORY OVERSIGHT, REGULATORY PRACTICES, REGULATORY REQUIREMENTS, REMITTANCE, REMITTANCE CORRIDOR, REMITTANCE SERVICE, REMITTANCE SERVICES, REMITTANCES, RESERVES, RETAIL BANKING, RETAIL BANKS, RETENTION, RETURN, RISK MANAGEMENT, SAVINGS, SECURITIES, SECURITY SERVICES, SERVICE PROVIDER, SERVICE PROVIDERS, SETTLEMENT, SETTLEMENT SYSTEMS, SMALL BUSINESS, SMALL BUSINESS FINANCING, STOCK EXCHANGE, SUBSIDIARIES, SUBSIDIARY, SUPERVISION, SUPERVISORY FRAMEWORK, TECHNICAL ASSISTANCE, TECHNOLOGY RISK, TECHNOLOGY SPECIALIST, TELECOMMUNICATIONS, TELEPHONE, TERRORISM, TRANSACTION, TRANSACTION SYSTEMS, TRANSACTION VOLUME, TRANSPARENCY, UNION, UNIONS,
Online Access:	http://documents.worldbank.org/curated/en/2011/05/16342045/caribbean-remittance-forum-enhancing-efficiency-integrity-remittance-transfers-through-effective-regulatory-supervisory-systems https://hdl.handle.net/10986/13024
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