The World Bank Group published a report in 2010 which aims to analyze the legal and regulatory framework and identified a standard approach to the remittance sector. The remittance sector is functioning based on cross-border person-to-person payments of relatively low value. This report identifies the reasons the remittance sector has to be standardized. One of the main reasons is that payment transactions are usually conducted between two jurisdictions and it can be difficult to ensure the proper and legally compliance of both parties. Finally, the report presents the results from a survey conducted in 2008 on national regulatory authorities and global systems.