Money transmission services definition

Money transmission services means selling or issuing payment instruments or closed-loop prepaid access or prepaid access devices or vehicles or receiving money or monetary value for transmission. The term does not include the provision solely of delivery, online, or telecommunications services or network access.
Money transmission services means selling or issuing payment instruments or stored value devices or receiving money or monetary value for transmission. The term does not include the provision solely of delivery, online, or telecommunications services or network access.
Money transmission services means a person (other than a licensed bank or the Central Bank of Samoa) carrying on a business of:

Examples of Money transmission services in a sentence

  • The principal activities of the Issuer comprise the following: • The receipt and acceptance of customers’ money on deposit in current, savings and term accounts which may be denominated in euro and other major currencies;• The provision of advances by way of short and longer term loans and subscription to private bond issues;• Money transmission services via SWIFT;• Factoring services;• Debit and Credit card issuance;• Internet banking services; and• Cash and treasury management services.

  • Money transmission services 16.-(1) The regulations on the information which is to accompany money transmission services shall be regulated in the Council Regulation on information on the payer accompanying transfers of funds, cf.

  • Money transmission services are specifically listed as a reporting entity in Part 2 of Schedule 2 of the Anti-Money Laundering Act, 2006 (as amended) and as such are subject to the requirements of the Act and supporting regulations.

  • The McKees contend the district court erred in failing to find Danny McKee entitled to receive the $16,670.24 auction proceeds check.

  • This section adapts the model in Brunnermeier and Krishnamurthy (2020) to serve as the framework for organizing our analysis.


More Definitions of Money transmission services

Money transmission services means a retailer selling or issuing payment instruments or stored value devices or is receiving money or monetary value for transmission.
Money transmission services means services relating to the transfer of money to or from a business current account and relating only to transactions exclusively in sterling, whether by the SME or a third party, (whether on paper or electronically or by any other means) and includes those services which are listed in Schedule 2 to these undertakings;
Money transmission services means a person
Money transmission services means a person (other than a bank licensed by the Central Bank) carrying on the business of—
Money transmission services means a person carrying on a business of:
Money transmission services means services relating to the transfer of money to or from a business current account and relating only to transactions exclusively in sterling,
Money transmission services means a person (other than