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

ISBN-13: 9780821384305 / Angielski / Miękka / 2010 / 110 str.

Isaku Endo; Jane Namaaji; Anoma Kulathunga

Opis

This report analyses 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.