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9780821384305

Uganda's Remittance Corridors from United Kingdom, United States and South Africa Challenges to Linking Remittances to the Use of Formal Services

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  • ISBN13:

    9780821384305

  • ISBN10:

    0821384309

  • Format: Paperback
  • Copyright: 2010-11-11
  • Publisher: World Bank Publications

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Summary

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.

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