Remittances and the threat of Terrorism Financing
From the Blog faisalkhanThe looming unknowns in trying to implement Counter Terrorism Financing (CTF) program. *I’m not an expert. At all. * Let me set the record straight. I am not a subject matter expert in AML or CTF. I’m writing this article to perhaps highlight a few points and hopefully have someone who *is* an expert, answer them. *Remittances and CTF* Remittances as you know are the low hanging fruit. Invariably quite a few payment start-up get attracted by cross-border money transfers. The numbers are just right – US$ 600 Billion market. Average cost of sending money is 8% (as per World Bank and the number is deceptive). Space dominated by big 3 players: Western Union, MoneyGram and Ria Financial. Lots of perceived room for disruption. I digress. While working with startups or even incumbepakistanblogs.blogspot.comRead Full Post
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