Money Transmission Laws definition

Money Transmission Laws means any applicable laws pertaining to the transmission of funds or the sale of payment instruments, including (a) the laws of any U.S. state or territory, or any other foreign jurisdiction in which Parent or any of its Subsidiaries conducts business, including those requiring licensure or other authorization of regulated entities, (b) laws requiring regulated entities to maintain certain net worth and/or laws requiring regulated entities to maintain permissible investments, and (c) the federal Bank Secrecy Act of 1970 and the regulations thereunder administered by the U.S. Department of Treasury Financial Crimes Enforcement Network, including those requiring registration or other authorization of regulated entities, and any statutes of foreign jurisdictions in which Parent or any of its Subsidiaries conducts business which likewise pertain to anti-money laundering and anti-terrorist financing.
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Money Transmission Laws means any Laws pertaining to the transmission of funds or the sale of payment instruments, including (i) the Laws of any U.S. state or territory, or any other foreign jurisdiction in which the Credit Parties or their Subsidiaries conduct business, including those requiring licensure or other authorization of regulated entities, and (ii) the federal Bank Secrecy Act of 1970 and the regulations thereunder administered by the U.S. Department of Treasury Financial Crimes Enforcement Network, including those requiring registration or other authorization of regulated entities, and any statutes of foreign jurisdictions in which the Credit Parties or their Subsidiaries conduct business which likewise pertain to anti-money laundering and anti-terrorist financing.
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Money Transmission Laws means the laws of U.S. states, territories, and possessions regulating and requiring a license to engage in the business of money transmission in all its forms (which includes receiving money for transmission, transmitting money, and advertising, soliciting, or representing that the person engages in the business of money transmission);
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Examples of Money Transmission Laws in a sentence

  • Funds equal to or exceeding the amount of your Global Account stored value balance stored value are held by, and may be invested by us, in certain eligible investments in accordance with Money Transmission Laws (“Permissible Investments”).

  • You agree and understand that we may not able to reverse or recover funds associated with a payment initiated from your Global Account if you allow a third-party (whether authorized by you or not) to access your Global Account, or otherwise erroneously execute a payment, and you may not be entitled to redress for any such unauthorized or incorrectly executed payments unless otherwise expressly required by Money Transmission Laws or other applicable laws governing your use of the Services.

  • Additionally, certain Services in which VGSI acts as a Service Provider are available only from locations in which VGSI is licensed as a money transmitter (or its statutory equivalent) or is otherwise able to engage in providing the Services to you (e.g., pursuant to an applicable exemption) under Money Transmission Laws.


More Definitions of Money Transmission Laws

Money Transmission Laws means the Anti-Money Laundering Laws and U.S. state laws regulating and requiring licensing for nonbank money transmission services.
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Money Transmission Laws means any applicable laws pertaining to the transmission of funds or the sale of payment instruments, including
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Related to Money Transmission Laws

  • Money transmission means any of the following:

  • State Transmission Utility or “STU” shall mean the Board or the Government company notified by the respective State Government under Sub-section (1) of Section 39 of the Act;

  • Transmission pipeline means any high pressure transmission pipeline connected to, but excluding the Maui Pipeline, that is used for the open access transportation of Gas, and includes all items of plant, equipment, fixtures and fittings directly appurtenanced to that pipeline, but excluding any item which is controlled by a party other than that pipeline’s TP Welded Party and any low pressure distribution system.

  • Regional Transmission Organization or “RTO” means the regional transmission organization approved by the Federal Energy Regulatory Commission for the control area that includes the utility’s assigned service area (as defined in IC 8-1-2.3-2).

  • Central Transmission Utility means the Government Company notified by the Central Government under Sub-Section (1) of Section 38 of the Electricity Act, 2003.

  • Transmission License means the license granted by the Appropriate Commission in terms of the relevant regulations for grant of such license issued under The Electricity Act, 2003;

  • Transmission Licensee means any person who is authorised by a Transmission Licence to transmit electricity, acting in that capacity;

  • Transmission Licence means a licence granted under section 6(1)(b) of the Act;

  • Transmission Facility means a facility for transmitting electricity, and includes any structures, equipment or other facilities used for that purpose as defined in the Parties respective XXXXx.

  • Transmission Facilities shall have the meaning set forth in the Operating Agreement. Transmission Injection Rights:

  • Transmission Business means the authorised business of a transmission licensee to transmit electricity, whether for its own account or for that of any other person, through any system owned and/ or operated by such licensee;