Remittance Providers Registration

What is a remittance service?

When money or property is transferred from one location to another (usually between countries), the process is called 'remittance'. A business or individual performing this service for a customer is therefore providing a remittance service.

The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) uses the terms 'designated remittance arrangement' and 'remittance arrangement' to cover services that arrange the transfer of money or property.