Money Transmitting Service Law and Legal Definition
According to 31 USCS § 5330 [Title 31. Money And Finance; Subtitle IV. Money; Chapter 53. Monetary Transactions; Subchapter II. Records And Reports On Monetary Instruments Transactions], the term "money transmitting service" includes “accepting currency or funds denominated in the currency of any country and transmitting the currency or funds, or the value of the currency or funds, by any means through a financial agency or institution, a Federal reserve bank or other facility of the Board of Governors of the Federal Reserve System, or an electronic funds transfer network.”
Legal Definition list
Related Legal Terms
- Absent Uniformed Services Voter
- Acceptable Identification of Goods and Services Manual
- Acceptable Quality Level [Agricultural Marketing Service]
- Acceptance [Agricultural Marketing Service]
- Acceptance of Service Agreement
- Action for Money had and Received
- Action for Money Lent
- Action for Money Paid
- Action for the Loss of Services
- Active Military Service
