Money Services Business
/ˈmʌni ˈsɜrvəsɪz ˈbɪznəs/
Definitions
- (n.) A business that provides services involving currency exchange, money transfers, or other financial services regulated under financial and anti-money laundering laws.
The company was registered as a money services business to comply with regulatory requirements.
Forms
- money services business
- money services businesses
Related terms
See also
Commentary
The term is broadly defined under various regulations; key for compliance with AML and financial laws.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.