AFAS definition
AFAS means MoneyGram’s Anti-Fraud Alert System implemented on or about May 2010. This system alerts, identifies, and then places on hold transactions that are suspected to be Fraud-Induced Money Transfers. MoneyGram employees may then contact the sender by telephone and interview him or her to determine whether the Money Transfer may be fraud- induced or otherwise sent for an improper purpose. If MoneyGram believes the transfer may be fraud-induced or otherwise sent for an improper purpose, the transfer is cancelled and all monies paid by the sender are returned to him or her. This process is referred to as an “AFAS Review.” For purposes of construing this Assurance, the term “AFAS” shall apply to any future Money Transfer interdiction system that MoneyGram may implement to augment or replace AFAS as described above, regardless of whether or not such future system is titled “AFAS.”
Examples of AFAS in a sentence
Violation of the aforementioned conditions may result in denial of access to or removal from AFAS Live.
This includes committing or attempting to commit criminal offenses (including theft) and inappropriate behavior, repeated or very serious violation of the house rules of AFAS Live, or the conditions of the event organizer.