The procurement of the delivery of cash, giro money or electronic means of payment from a principal to its customer. Since October 2009, the professional operation of such businesses has been subject to the Payment Services Act.
Supervision Act. – A serious problem is posed by unlicensed financial transfer service providers, usually in ethnically segregated environments. Among other things, they are considered suspected of money laundering as well as terrorist financing. – See steam room, financial agent, money laundering, hawala, money transfer intermediary, ghetto banking, underground banking, angle broker, payment institution. – See BaFin Annual Report 2003, p. 71, BaFin Annual Report 2004, pp. 83 et seq. (special supervisory and investigative measures), and the respective BaFin Annual Report.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/