Publications
Risky Business: State Regulation of Money Transmitters
Published by CLEAR News Spring in 2003.
Author(s): Andrea Lee Negroni.
Money transmission, a somewhat neglected financial activity from the state regulatory perspective, has been in the spotlight lately, particularly after September 11, 2001. Because money transmission is frequently conducted without attracting the scrutiny of financial examiners, it has been implicated in money laundering and other financial crimes. From somewhat humble beginnings as a service offered to individuals wishing to send money abroad, money transmission has grown into an international high profile business. It is essential for government regulators, whether or not involved in financial regulation, to understand the goals and challenges inherent in the regulation of money transmission.
-
-
In-depth review of news & developments in the financial services industry.
-
- OCC Fines Bank $100,000, Orders $5.1 Million in Restitution for Unsafe and Unsound Practices Violations -- AGREEMENT
- OCC Fines Bank $100,000, Orders $5.1 Million in Restitution for Unsafe and Unsound Practices Violations -- CONSENT ORDER
- House Passes Bill That Would Exempt Institutions from Providing Certain Privacy Notices Under GLB
- More documents
-
A full listing of national & state bank regulatory agencies & industry groups.