MSB definition

MSB shall have the meaning assigned to such term in the preamble.

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MSB means the Money Services Business.

MSB means a money services business;

Examples of MSB in a sentence

• Batched transfers will be sent to the Clearing Broker via a single wire transfer at the end of the relevant trading day rather than immediately upon such instruction by Customer to MSB.

• FDIC insurance does not protect against the failure of the MSB or malfeasance by any MSB employee.

• We do not accept Business Accounts for businesses engaged in a Money Service Business (MSB).

• The data order starts with the MSB to the LSB during the address phase, but starts with the LSB to the MSB during the data phase.

• As a registered MSB, Apex Crypto is subject to the Bank Secrecy Act and its implementing regulations (collectively, the “BSA”) which set out the requirements imposed upon financial institutions to implement policies and procedures reasonably designed to detect and prevent money laundering and terrorist financing.

More Definitions of MSB

MSB means the carrying on or participating in any one of the following activities:

MSB means Minera Sonora Borax S.A. de C.V., a company incorporated in Mexico with registered number 36668*7, being indirectly 100% owned by Bacanora Canada.

MSB means the carrying on or participating in any one of the following activities (i) currency dealing or exchanging, (ii) issuing, selling, or redeeming traveller’s cheques, drafts, or money orders or any similar negotiable instruments, except for cheques payable to a named Person, or (iii) the accepting of currency or funds and the transmitting of such funds through a financial institution, or any other Person engaged in an MSB or an electronic funds network; provided that in the case of (i) and (ii) only, no such activity will be considered to be an MSB unless it shall include, on any day and with any one Person, at least one transaction in an amount of not less than $1,000, and, for such purposes, any two or more transactions within a twenty-four (24) hour period with the same Person will be considered to be a single transaction of not less than $1,000 if the aggregate amount of such two or more transactions shall be not less than $1,000. In addition to (i) to (iii) above, in every instance that a Person holds a permit or a licence relating to a form of MSB activity not specifically enumerated in (i) to (iii) above or is registered as someone engaging in the activity of an MSB, advertises the activity of an MSB by way of or through the Internet, the yellow pages, or other medium, or reports income from an MSB as income from a separate business for tax purposes, then such Person shall be deemed to be operating an MSB. Notwithstanding the above, if Royal Bank specifically approves, in writing, the operations of such business, for the purpose of this Agreement, such business shall be deemed not to be included in this definition;

MSB means any business involved in any of the following activities: (i) currency dealer or exchangers (ii) cheque cashers (iii) money transmitters (iv) issuer, seller or redeemer of traveler’s cheques, drafts, money orders or any stored value medium or (iv) any other business that meets criteria set by RBC, in its sole and absolute discretion.

MSB means a money service bureau, a financial institution not regulated by the Authority, offering bureau de change and/or money remittance services;

MSB means ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Bank, N.A. and its successors.

MSB or “Borough” means the Matanuska-Susitna Borough, a municipal corporation organized and existing under the laws of the State of Alaska.