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  • Essay / Essay on Diaspora Remittances - 1440

    Author Emiko Todoroki, Matteo Vaccani and Wameek Noor in their overview of “The Canada-Caribbean Remittance Corridor: Fostering Formal Remittances to Haiti and Jamaica through effective regulations.” shows how the Bank of Jamaica is “undertaking a rigorous assessment of the regulatory framework within which remittances are governed”. The article shows that money transfer operators and other sub-agents who wish to operate in Jamaica are subject to the licensing regime in force in the country. Money transfer companies that want to operate in Jamaica and have more than one sub-agent face high prices and long waiting times to obtain a license. (Todoroki, Vaccani, Noor