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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
Terrorism --- Money laundering. --- Capital movements. --- Emigrant remittances. --- Finance.
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Several economies in the Caribbean region, especially from the lower income group, are highly dependent on remittances. Between 1991 and 2006, the combined flows of total remittances reaching the Caribbean have seen almost a 17% average annual growth rate, surpassing USD 6 billion in 2005 and overtaking ODA and FDI into the region. In addition, remittances represent more than 20% of the domestic gross domestic product (GDP) in some Caribbean countries and have played a significant role in lessening both balance of payment deficits and the impact of natural disasters to which the region is parti
Migrant remittances --- Envois de fonds des travailleurs migrants --- Foreign workers, Haitian --- Foreign workers, Jamaican --- Foreign workers --- Alien labor --- Aliens --- Foreign labor --- Guest workers --- Guestworkers --- Immigrant labor --- Immigrant workers --- Migrant labor (Foreign workers) --- Migrant workers (Foreign workers) --- Employees --- Alien labor, Jamaican --- Jamaican foreign workers --- Alien labor, Haitian --- Haitian foreign workers --- Remittances, Migrant --- Remittances, Urban-rural --- Transfers, Urban-rural --- Urban-rural income transfers --- Income --- Legal status, laws, etc. --- Employment --- Noncitizen labor --- Noncitizens
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