Money Transmission
/ˈmʌni trænzmɪʃən/
Definitions
- (n.) The business or service of transmitting money or monetary value, often regulated under financial and banking laws to prevent fraud and money laundering.
The company was licensed to conduct money transmission across state lines.
Forms
- money transmission
Related terms
See also
Commentary
Money transmission regulations vary significantly by jurisdiction, requiring careful compliance with licensing and anti-money laundering statutes.
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.