To reassure itself that the recipient bank can survive, the government would invest only if the bank can simultaneously raise funds from private investors.

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First, he served as director, officer, bank statement recipient, bank signatory, keeper of the books, and manager of Leeway.

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One guideline asks charities to determine whether the bank of a foreign recipient of a donation is a shell and whether it has anti-money-laundering controls in place.

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"Although migrant workers are to a large extent adversely affected by the slow growth in the global economy, remittance volumes have remained remarkably resilient, providing a vital lifeline to not only poor families but a steady and reliable source of foreign currency in many poor remittances recipient countries, " agrees Hans Timmer, director of the bank's Development Prospects Group.

BBC: Why India remains top of remittances league