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78:(AML) legislation and rules. Money services businesses are regulated in different countries differently. They governed by their local regulators and have to adhere with record-keeping requirements to conduct customer due diligence if customers request for an amount of foreign currency that exceeds a certain threshold set to detect money laundering.
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An MSB often provides an essential financial service to underdeveloped regions with limited or no banking services and may be a small organisation with outlets like grocery stores, drugstores, pharmacies or convenience stores. It may include regional networks of post offices, banks or agents.
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or other money related instruments. It is often used in the context of
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39:to describe businesses that transmit or convert
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277:This money or currency-related article is a
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281:. You can help Knowledge by
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35:) is a legal term used by
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29:money services business
147:HM Revenue and Customs
18:Money service business
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129:References
86:See also
66:such as
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172:Fincen
118:Hawala
333:Money
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