What Is AML for a Money Transfer Store?
Simple Guide for Remittance Stores and Authorized Agents If you run a money transfer store, also known as a remittance store, you likely operate as an authorized agent for one or more money transmitters such as Western Union, MoneyGram, RIA, or similar providers. In that environment, AML is one of the most important concepts to […]
What Is a Money Transfer Agent?
Remittance Store, Money Transfer Store, MSB Agent Explained A money transfer agent is a business location authorized to offer money transfer services on behalf of a larger licensed company. These businesses are also commonly called a remittance store, money transfer store, remittance agent location, or MSB agent depending on the market and context. In many […]