Bilateral Remittance Corridor Analysis (BRCA)

Objectives

 

The Financial Market Integrity Unit (FPDFI) has launched a series of studies called Bilateral Remittance Corridor Analysis (BRCA), to expand existing knowledge on workers’ remittances to developing countries, with a view to developing best   practices on options to protect the integrity of remittance markets and improve efficiency and transparency of transfer channels for remittance flows.

 

The analysis of remittance corridors is an effort to gain new knowledge in order to better understand the size and nature of remittance flows, the incentives that influence remittance senders and recipients to use the available mechanisms, policies by regulators on emerging new players such as money transfer operators, and implications of compliance with standards on anti-money laundering and terrorist financing.  These studies also provide new information useful to regulators in their efforts to leverage on remittances towards improving access of remittance senders and receivers to financial products.  It has been found that each remittance corridor has different characteristics, and such information provide the basis for specific policy choices to authorities that best meet local conditions, while also complying with international AML/CFT standards.

 

Publications

 

 

Other Remittance Publications