What is the purpose of the remittance rule?

What is the purpose of the remittance rule? The Remittance Rule imposes requirements on entities that send international money transfers, or remittance transfers, on behalf of consumers. What transactions are not covered by the remittance rule? Remittance transfer: An electronic transfer of funds conducted by a remittance transfer provider at the request of a sender … Continue reading What is the purpose of the remittance rule?