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Money Services Business Regulatory Act

Rendering of proposed new Fono Building
Pago Pago, AMERICAN SAMOA — After amendments, the Senate approved Tuesday its version of an administration bill that seeks to establish by law the Money Services Business Regulatory Act, which would regulate money transfer businesses in American Samoa. During a committee hearing last week, there...
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Pago Pago, AMERICAN SAMOA — A security deposit of $10,000 will be required for applicants who are issued a license to operate a money transfer business in American Samoa, under new regulations proposed by the Lolo Administration through legislation introduced in the Fono last week. The Money...