| answer text |
<p>Remittances are a vital lifeline for many poor people in developing countries.
DFID works through the World Bank Group and a network of Financial Sector Deepening
entities across Africa to support the delivery of remittances to poor people and strengthen
regulations that govern the operation of secure and legitimate payment channels.</p><p>As
a member of the Action Group on Cross Border Remittances, we work with regulators
and the industry bodies for banking and Money Service Businesses (MSBs) to: increase
supervision of MSBs, improve industry guidance and training, clarify regulatory requirements,
monitor market risk and support a safer corridor for UK-Somalia remittances.</p>
|
 |
