The Impact of Global International Informal Banking on Canada

TABLE OF CONTENT
SECTION I
1. Introduction and Objective…..……………………………………………………………4
2. Methodology……………………………………………….………………………………6
3. Assumptions………………………………………………………………………………..8
SECTION II
4. GENERAL OBSERVATIONS REGARDING FINANCIALGENTS:
4.1. Legal Status…………………………………………………………………………..…10
4.2. Trust……………………………………………………………………………………..10
4.3. Primary / Secondary Business…………………………………………………………..11
4.4. Registration………………………………………………………………………….…..11
4.5. Recordkeeping ………………………………………………..………………………...12
4.6. Advertising………………………………………………………………………………13
4.7 Bank Involvement………………………………………………………………………...13
4.8. Fees/Flow <strong>of</strong> funds………………………………………………………………………14
4.9. Education/ Language skills……………………………………………………………...14
COMMUNITY SPECIFIC ANALYSIS
5. AFGHANI FINANCIAL AGENTS:
5.1 Destination.........................................................................................................................14
5.2. Primary Business and Registration……………………………………………………..14
5.3. Record Keeping…………………………………………………………………………14
5.4. Fees/Flow <strong>of</strong> Funds……………………………………………………………………..15
5.5. Bank Involvement……………………………………………………………………….15
5.6. Advertising and Affiliations……………………………………………………………..16
5.7. Competition/Collaboration………..…………………………………………………….16
5.8. Transaction Process…………….………………………………………………………17
6. PAKISTANI FINANCIAL AGENTS:
6.1. Primary Business and Registration……………………………………………………..22
6.2. Destination………………………………………………………………………………23
6.3. Recordkeeping…………………………………………………………………………...23
6.4. Advertising/Affiliations………………………………………………………………….24
6.5. Competition/Collaboration……….……………………………………………………..24
6.6. Fees……………………………………………………………………………………...24
6.7. Flow <strong>of</strong> Funds...............…………………………………………………………………25
2