Sentences with phrase «transmit money»

One brokerage is trying to head off this type of scam by requiring its agents to have clients sign a notice that makes clear they will never be asked to transmit money by email.

Just because they can transmit money?»

To comply, companies in the space are expected to register with FinCEN as businesses that transmit money.

Apple has filed a patent for a Wallet person - to - person (P2P) payment feature which would let iPhone users transmit money to each other directly, thereby cutting out the middleman and making PayPal and Venmo obsolete.

Many individuals in these countries rely on transparent, cost - effective businesses to transmit money or take out loans.

Online transfer companies ask you set up an account online and let you transmit your money yourself using the internet, or even a mobile phone network.

Keep in mind that any money transfer is being fulfilled only via your bank account, we never ask our customers to transmit money by PayPal or Western Union.

RentTrack does not receive money for transmission or transmit money by any means.

The mobile - payment processor has been fined by yet another state for operating without a money - transmission license though it doesn't actually transmit money.

There remains a valid legal question to these licensure fights: Since Square simply processes payment information, and doesn't actually transmit money itself, why should it have to fall under the transmission regulations of all 50 states?

When an Abra Teller processes a «deposit» transaction, they are not actually transmitting money between two parties, they are only selling bitcoin to their customers (who may have this bitcoin converted by the app on - the - fly into the currency of their choice).

eGold — Accused of money laundering, and transmitting money without a license, even though gold is not «money.»

If you believe you may have transmitted money without a license in violation of federal or state laws, consult an attorney immediately.

It's a very effective way of transmitting money and you can do it anonymously and all that.

It's a method of transmitting money.

A check is a way of transmitting money too.

Not exact matches

Vladamir Kats pleaded guilty later in 2013 to money laundering and operating an unlicensed money transmitting business.

Like MasterCard or PayPal, it allows money to be transmitted electronically.

This is a shame, because, as I have previously mentioned on CoinDesk, Canada is an attractive environment for bitcoin entities to set up operations since our country does not have, for example, the state - by - state money transmitting regulations that currently exist in the US.

Yuri Lebedev and Trevor Gross stood trial on February 16, 2017, in Manhattan federal court on charges of conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business, stemming from their involvement with the unlicensed bitcoin exchange Coin.mx.

He is accused of selling bitcoin to an undercover agent who posed as a butane hash oil manufacturer, as well as operating an unlicensed money transmitting business.

For instance, Liberty Reserve «s CTO was operating an unlicensed money transmitting business which processed more than $ 16 billion through the firm's digital currency system.

In addition, the guidance indicates that a person is an exchanger and a money transmitter under the regulations if he or she accepts convertible virtual currency from one person and transmits it to another person.»

As an initial matter, this broad definition does not address one of the most fundamental tenets of any successful virtual currency regulation — that of money transmitting.

Additionally, FinCEN claimed regulation over American entities that manage bitcoins in a payment processor setting or as an exchanger: «In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.»

As Internet purchases rise — U.S. e-commerce revenue increased 15 percent in the first quarter from a year earlier, according to the U.S. Department of Commerce — more would - be thieves are trying to find ways to intercept transactions facilitated by online payment providers, steal information transmitted in the process, or dupe buyers into sending money to phony companies.

These counts include: Conspiracy to Operate an Unlicensed Money Transmitting Business, Conspiracy to Launder Monetary Instruments, Operation of an Unlicensed Money Transmitting Business, and Operation of an Unlicensed Money Transmission Business.

Money transmitting businesses are required to be registered federally and licensed in most states and jurisdictions, including the District of Columbia.

Prosecutors said Kassin operated an unlicensed money transmitting business in his home from mid-2007 through 2008.

Although we often touch a variety of objects that could be capable of absorbing, harboring and transmitting infectious organisms, money is ever - present — and it is often close to food.

They also think that if broadcasters receive any money they should spend it only on installing the hardware needed to transmit widescreen programmes.

also, the medium diagnostics on authors house came up like that: its two male persons in charge (there are even darkest behind them), they are possibly gay or sort of hybrid race, not human and their mission is actually dark - to put high lightworkers msgs transmitted often in those books in the dark corner where nobody can find it out.and take as much money away from author as possible, like brake the authors bank, ruin it and leave author suffer the damage and loss.they feed on it.

ATM transactions, cash advances of any kind, balance transfers, SUPERCHECKS ™, cash equivalents such as money orders and prepaid gift cards, casino gaming chips, wire transfers, off - track wagers, lottery tickets, or bets or wagers transmitted over the internet, fees or interest posted to a linked account, including but not limited to returned payment fees, late fees, and monthly or annual fees, do not earn cash rewards.

ATM transactions, cash advances of any kind, balance transfers, SUPERCHECKSTM, cash equivalents such as money orders and prepaid gift cards, casino gaming chips, wire transfers, off - track wagers, lottery tickets, or bets or wagers transmitted over the internet, fees or interest posted to a linked account, including but not limited to returned payment fees, late fees, and monthly or annual fees, do not earn cash rewards.

ATM transactions, cash advances of any kind, balance transfers, SUPERCHECKSTM, cash equivalents such as money orders and prepaid gift cards, casino gaming chips, wire transfers, off - track wagers, lottery tickets, or bets or wagers transmitted over the Internet, fees or interest posted to a linked account, including but not limited to returned payment fees, late fees, and monthly or annual fees, do not earn cash rewards.

Often, it is a brick - and - mortar building that houses a financial entity designed to hold and lend money, and to transmit funds.

However, in many ways, the function of a credit union is identical to that of a bank in that it holds and lends money, transmits funds and might provide investment services.

When they lower the cost of money, it transmits through the yield curve of treasury bonds, bringing down both the short and long end — pulling the premia of cash + cash like instruments and bonds lower.

But if mobile money eventually leads to a diminution of the role which commercial banks play in the financial system, the interest rate transmission mechanism, which relies on movements in short term inter-bank rates being transmitted along the yield curve to all other interest rates in the economy, will be weakened, which in turn will weaken the transmission mechanism of monetary policy.

Comparing value for price, the show breeders by far provide the best puppy for the money, provided they can furnish, in writing, proof of health testing on the Parents for genetically transmitted health problems.

The Boundless Money Belt has a built in RFID blocking lining that blocks these RFID signals from being transmitted.

ATM transactions, cash advances of any kind, balance transfers, SUPERCHECKS ™, cash equivalents such as money orders and pre-paid gift cards, casino gaming chips, wire transfers, off - track wagers, lottery tickets, or bets or wagers transmitted over the internet, fees or interest posted to a linked account, including but not limited to returned payment fees, late fees, and monthly or annual fees, do not earn cash rewards.

ATM transactions, cash advances of any kind, balance transfers, SUPERCHECKSTM, cash equivalents such as money orders and prepaid gift cards, casino gaming chips, wire transfers, off - track wagers, lottery tickets, or bets or wagers transmitted over the internet, fees or interest posted to a linked account, including but not limited to returned payment fees, late fees, and monthly or annual fees, do not earn cash rewards.

ATM transactions, cash advances of any kind, balance transfers, SUPERCHECKS ™, cash equivalents such as money orders and prepaid gift cards, casino gaming chips, wire transfers, off - track wagers, lottery tickets, or bets or wagers transmitted over the internet, fees or interest posted to a linked account, including but not limited to returned payment fees, late fees, and monthly or annual fees, do not earn cash rewards.

ATM transactions, cash advances of any kind, balance transfers, SUPERCHECKSTM, cash equivalents such as money orders and prepaid gift cards, casino gaming chips, wire transfers, off - track wagers, lottery tickets, or bets or wagers transmitted over the Internet, fees or interest posted to a linked account, including but not limited to returned payment fees, late fees, and monthly or annual fees, do not earn cash rewards.

18 U.S.C. § 1343 provides: «Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both.»

... As a part of the settlement Neteller had to forgo an amount of $ 136 million and had to accept charges of conducting an «unlicensed money transmitting business» and facilitating «unlawful transactions» between online gambling operators and players in the United States.

This is not just a threat when you spend money on the internet but every time that you swipe your credit or debit card you are transmitting lots of your personal data.

Be aware that «money transmitters» are also highly regulated under each state's laws, many of which require advance licensure; however, because state money transmitting laws are typically aimed at consumer protection rather than anti-money laundering, we do not address the issue of state regulation here other than to note that there is no uniform licensing scheme across the 50 states.

responding to a Member of Congress (that became public in early March but was issued on February 13, 2018), FinCEN expressed its view that initial coin offerings («ICOs») qualify as money transmitting, stating: