A Suspicious Activity Report is a document that financial institutions and certain other entities are required to file with FinCEN. The purpose of SARs is to report any suspicious transactions or activities that might indicate money laundering, fraud, or other financial crimes.
The travel rule in refers to a set of regulatory requirements aimed at preventing money laundering and terrorist financing. It is often associated with traditional financial institutions, but it has been extended to include virtual asset service providers
SEPA allows consumers, businesses, and other economic participants to make and receive payments in euros under the same basic conditions, rights, and obligations, regardless of their location within the SEPA area.
China has two currencies that are both in use – CNH and CNY. Both of these currencies are regulated by the People’s Bank of China, however, there are some key differences between them that you should be aware of before sending money to China.
Blockrunner, LLC., is a financial services match-making marketplace and consulting company. We are not a bank, FI/NBFI, Payment Service Provider, deposit taking institution, trust, or money services business of any kind. We are not regulated by any financial regulator. Banking, Payment, Processing, and Licensing services are provided by our participating members. This website is for informational purposes only and does not constitute legal advice. If you need legal advice, please consult a licensed attorney in your jurisdiction.