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#1947605 - 07/30/14 09:54 PM Use of Estimates for Certain Countries
Reed Offline
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Reed
Joined: Sep 2005
Posts: 1,251
West Coast
I just want to verify I am undertanding something correctly.

A provider can use estimates when sending RTs to certain countries (including those on the Safe Harbor list), but that exception doesn't mean a provider can assume funds are sent in USD. The provider can rely on a consumer's statement that the destination account is in USD, but that is an entirly different issue. Correct?

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Remittance Transfer Rule
#1948117 - 08/01/14 01:28 PM Re: Use of Estimates for Certain Countries Reed
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
You've analyzed the question very well. Separate issues.
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#1948437 - 08/01/14 08:52 PM Re: Use of Estimates for Certain Countries Reed
Reed Offline
Diamond Poster
Reed
Joined: Sep 2005
Posts: 1,251
West Coast
Thanks!

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