An authorized delegate program in the money services business world in the United States is a program in which a principal company grants authorization to another company to act on its behalf to provide money services, such as check cashing, money transfers, and bill payments. The authorized delegate is responsible for complying with all applicable laws and regulations, as well as the terms of the agreement with the principal company. The principal company typically retains some level of oversight and control over the activities of the authorized delegate and may also provide support and guidance to ensure compliance with industry standards and regulations.
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This page was last updated on October 12, 2023.
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