International funds transfer definition

International funds transfer means any transaction originated by the holder and utilizing the international electronic payment system to transfer funds, pursuant to which the holder debits its own bank account, and credits the funds to a United States bank that credits the Unclaimed Property Fund.
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International funds transfer means any transaction
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International funds transfer means the Service which will apply after the
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Examples of International funds transfer in a sentence

  • International funds transfer instruction reports: IFTIs must be submitted regardless of the nature or value of the transaction.

  • Existing requirements– FTRAProposed requirem ents – AML/CTF Bill & RulesCustomer identification u u diligence Record keepinguuSuspicious matter reportinguuTransaction monitoring uOngoing customer due u Threshold transaction u ureporting International funds transfer u uinstructions AML/CTF programs uCorrespondent banking uSome obligations of the new legislation may also be currently undertaken by some businesses despite them not forming part of the requirements of the FTRA.

  • International funds transfer have mixed client profile, credible good and scrupulous individuals and corporate entities either involved in importation of goods and services or indeed flow of funds through money transfer, both in and out of Malawi.

  • For the purposes of this report, it is important to note that the FTRA requires ‘cash dealers’ (as defined) to report to the Director of AUSTRAC: • Suspicious transactions;• Significant cash transactions - cash transactions of $10,000 or more (or a foreign currency equivalent); and• International funds transfer instructions (IFTIs).


More Definitions of International funds transfer

International funds transfer has the meaning ascribed to in clause 3 below. i. A reference to:
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International funds transfer means a transfer of funds between an Account and an account at another international financial institution.
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International funds transfer means any movement of funds into or out of Bhutan.
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International funds transfer. ’ means any
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International funds transfer. ’ means any transaction originated by the taxpayer and utilizing the international electronic payment system to transfer funds, pursuant to which the taxpayer debits its own bank account and credits the state’s bank account.
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Related to International funds transfer

  • Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

  • Funds-transfer system means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.

  • International Student means a student holding a student visa for the purpose of obtaining an education in Australia and includes a student on a study abroad or international exchange program;

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Qualified United States financial institution means an institution that:

  • International air transportation means transportation by air between a place in the United States and a place outside the United States or between two places both of which are outside the United States.