Sentences with phrase «requires money transfer companies»

Under the terms of the new pact, MoneyGram will let people «safely and efficiently send cross-border payments to friends, families and business partners,» noting that the «current model for these payments requires money transfer companies to use pre-funded accounts across the globe to source liquidity.

Not exact matches

Laws regulating MLM typically 1) require that MLM companies explicitly permit their agents to cancel their agreements and to agree to repurchase inventories at not less than 90 percent of the original transfer price; 2) prohibit inducements under which the agent is told that he or she will earn a specific amount of money; 3) prohibit the purchase of a minimum inventory; and 4) prohibit operations under which agents are only paid for recruiting others.

Generally speaking, a commitment to invest in a venture fund does not require the limited partner to transfer money until the venture firm makes an investment in a portfolio company.

The Washington bill, which was shaped by advice from Rolf and Hanauer, would require people or companies that find work for and transfer payments to independent contractors — Uber, say, or a middleman who works with farm laborers — to contribute to a pool of money managed by an independent nonprofit.

Under the law, corporations, banks, insurance companies, brokerages and other businesses in New York are required to transfer abandoned money or securities to the state comptroller's Office of Unclaimed Funds under a process called escheatment (a word with origins in English feudal law).

Transferring money in regular basis require you to deal with good money transfer company which able to provide good service at low cost, and Vigo -LSB-...]

«When Lewis [Yogscast co-founder] found out about the artist incident he was rightly confused and upset, as a result he lost faith right away in my ability to run the company from a business standpoint and basically required that all the rest of the Kickstarter money that hadn't been spent be transferred to them right away.

Y2K wasted some money by companies and government and generated some temporary jobs... Climate Change requires a huge transfer of wealth from some nations to 3rd world countries run by dictators and pushed re-newable energy ahead of prime time and created very few jobs.

Today, the company has unveiled Tez, a new payment app for users in India that can transfer money between two users without any special hardware required.

Meanwhile, the Financial Crimes Enforcement Network (FinCEN) has suggested in a newly - released letter that companies that hold token sales may be required to register as money transfer businesses under the Bank Secrecy Act and submit to many of the AML / KYC policies that govern financial institutions.

This is because most companies that sell money transfers are subject to anti-money laundering laws and counter-terrorist financing standards, which require providers to exercise their due diligence to confirm that you're not using their services for terrorist or otherwise nefarious activities.