International Remittance Rules

Tuesday, January 8, 2013

10:00 - 11:00 am CST

Speaker: Mary Lou Heighes, Compliance Plus, Inc.

About the Program

What is a Remittance Transfer? A remittance transfer means the electronic transfer of funds requested by a sender to a designated recipient that is sent by a remittance transfer provider (including, but not limited to, financial institutions). This includes transfers sent by a natural person in the US to a natural person or business in a foreign country. It applies to account holders and non accountholders and also to transactions (such as wires) that are normally excluded from coverage under Regulation E.

If a credit union chooses to offer wire transfers and ACH or other electronic transfers to foreign countries, it must comply. Attend and learn more about these new requirements.

Related Files

Printable Brochure (Adobe PDF File)