Skip to content

Remittances Rule and U.S. bases

Question: 
Does the regulation cover a consumer’s wire transfer to a credit union located on a U.S. military installation in Europe?
Answer: 

No. U.S. military bases are treated as being located in a “state” whether they are in Texas or in Germany.

-----------------------------
Learn more about John Burnett’s webinar Remittance Transfers Update

First published on 03/08/2020

Filed under: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics