Uganda's Remittance Corridors from United Kingdom, United States and South Africa
Uganda's Remittance Corridors from United Kingdom, United States and South Africa:
Challenges to Linking Remittances to the Use of Formal Services
Publisher: World Bank Publications | 2010 | ISBN-10: 0821384309 | ISBN-13: 978 0821384305 | English | PDF | 92 pages | 48.46 Mb
Challenges to Linking Remittances to the Use of Formal Services
Publisher: World Bank Publications | 2010 | ISBN-10: 0821384309 | ISBN-13: 978 0821384305 | English | PDF | 92 pages | 48.46 Mb
This report, Remittance Corridors to Uganda: United Kingdom, United States, and South Africa, analyzes and compares three bilateral remittance corridors. The comparison highlights similarities and differences and the significance of the remittance-sending countries to Uganda in terms of volume, corridor formality, risks, and vulnerability to money laundering. It also describes Uganda as a remittance-receiving country and outlines the remittance flows, market players, distribution network, access and usage of remittance, regulatory framework, and measures taken toward anti-money laundering and combating financing of terrorism (AML/CFT). The issues and challenges faced by Uganda are identified and policy recommendations are made for both Uganda and remittance-sending countries.