News

A World Bank study set to be published next month will suggest that the compliance risks often associated with money remittance firms may not be as serious as they seem. Under the direction of the Group of 20, the World Bank has surveyed 19 member-states to collect information on why banks are turning away corporate clients wholesale and how the practice is impacting global remittance flows. The intergovernmental group is scheduled to disclose the main findings of the study next week ahead of publishing the full report later in the month. The findings could "take the de-risking discussion to a...