The Risk-Based Approach Guidance for Money Service Businesses is divided into three sections. Firstly, the report underlined the usage of the guidance and purpose of the risk-based approach presenting the background, purpose, benefits and challenges of the Risk-Based Approach. Secondly, guidance for public authorities are analysed as well as the high-level principles for creating a [...]

The Word Bank published a report on general principles for international remittance services in January 2007. The report focuses on the issues listed below: The analysis of the key issues concerning remittance services such as the lack of transparency and understanding, infrastructure issues, legal and regulatory framework, lack of competitive market conditions and risks. General [...]