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money transfer businesses
Pago Pago, AMERICAN SAMOA — An administration bill to regulate money transfer businesses, which was first introduced during the previous legislature — but sat in committee — has been re-introduced.
The preamble of the Money Services Business Regulatory Act notes that “Due to the large amount of...
![[SN file photo]](https://www.samoanews.com/sites/default/files/styles/teaser/public/field/image/EOB_1web_41.jpg?itok=6T9OO7yT "[SN file photo]")
Pago Pago, AMERICAN SAMOA — The Lolo Administration is proposing a wide-range of regulations governing operations of money transfer businesses, under Money Services Business Regulatory Act legislation, introduced this week in both the Senate and House.
“Due to the large amount of monies handled by...