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Version date: 16 November 2023 - onwards
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Interpretive Note to Recommendation 14 (Money or value transfer services)

A country need not impose a separate licensing or registration system with respect to natural or legal persons already licensed or registered as financial institutions (as defined by the FATF Recommendations) within that country, which, under such license or registration, are permitted to perform money or value transfer services, and which are already subject to the full range of applicable obligations under the FATF Recommendations.

Comparing proposed amendment...