Are Remittances a Source for Money Laundering?

Is it true that remittances aid money laundering? This is the quintessential question that is asked by everyone. The Oracle of Remittances, Mr. Dilip Ratha of World Bank says ‘No’. Ask US Department of Treasury and other regulators, and they will answer with a ‘Yes’. So which one is it? Do they? or Don’t they? …

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