1.

Record Nr.

UNINA9910827530903321

Autore

Vaccani Matteo

Titolo

Alternative remittance systems and terrorism financing : : issues in risk management / / Matteo Vaccani

Pubbl/distr/stampa

Washington, D.C. : , : World Bank, , c2010

ISBN

1-282-42225-1

9786612422256

0-8213-8179-2

Descrizione fisica

vii, 28 pages : illustrations, map ; ; 26 cm

Collana

World bank working paper, , 1726-5878 ; ; no. 180

Disciplina

363.325/16

Soggetti

Terrorism - Finance

Money laundering

Capital movements

Emigrant remittances

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; Foreword; Acknowledgments; Acronyms and Abbreviations; Author's Biography; 1. Introduction; 2. Anatomy of the System; Figure 2.1. Basic ARS Transaction Model; 3. Vulnerability to Terrorism Financing; Figure 3.1. Ranjha Case Alleged Transfer Network, 2004-2007; Box 3.1. Al Barakaat: An Essential Chronology; 4. Risk Mitigation Measures; Figure 4.1. Remittance Inflow Recurring Patterns, 1994-2007; 5. Conclusion; Appendix. ARS Settlement Models; Figure A.1. Offsetting Transaction Settlement; Figure A.2. Bilateral Financial Settlement; Figure A.3. Multilateral Financial Settlement

Figure A.4. Bilateral Trade Settlement Figure A.5. Multilateral Trade Settlement; Figure A.6. Smuggling Settlement; References

Sommario/riassunto

This paper is designed to cover a subset of such category, i.e. the realm of unregulated/informal Alternative Remittance Systems, also known as informal value transfer systems (IVTS). In these cases, operators form a parallel, underground financial system aimed at rapidly and effectively moving value within or between jurisdictions, often without being detected by regulators and law enforcement, and usually without available transaction records. Where prevalent (as it is



often the case in low-income economies), ARS are frequently the only mechanism by which the poor or isolated can send and re