Departmental Papers

Report on the Pacific Roundtables: Actions to Address Correspondent Banking and Remittances Pressure

By Alison Stuart, Jihad Alwazir, Yan Liu, Scott Roger, Si Guo, Chau Nguyen, Emmanuel Mathias, Jonathan Pampolina

May 1, 2019

Download PDF Order a Print Copy

Preview Citation

Format: Chicago

Alison Stuart, Jihad Alwazir, Yan Liu, Scott Roger, Si Guo, Chau Nguyen, Emmanuel Mathias, and Jonathan Pampolina. Report on the Pacific Roundtables: Actions to Address Correspondent Banking and Remittances Pressure, (USA: International Monetary Fund, 2019) accessed December 1, 2024

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

The paper looks at feasible concrete action that can be taken by correspondent and respondent banks, money transfer operators, the Pacific authorities, the Australian and New Zealand authorities, and international organizations.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Balance of payments, Banking, Compliance costs, Correspondent banking, Crime, Financial institutions, Financial services, Multilateral development institutions, Remittances, Revenue administration

Keywords: Accounts open, Anti-money laundering and combating the financing of terrorism (AML/CFT), Australia and New Zealand, Compliance costs, Correspondent banking, Correspondent banking link, Correspondent banking relationship, DP, DPPP, Global, Guidance to member, Money transfer operator, Money transfer operator remittance, Multilateral development institutions, Operator practice, Operator remittance, Operator transaction, Pacific Islands, Remittances, Transfer operator, Transfer operator account, Transfer operator closure, Transfer operator practice

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Departmental Paper No 2019/006

  • Stock No:

    RPRAACBRPEA

  • ISBN:

    9781498306447

  • ISSN:

    2616-5333