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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.

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Learn more about John Burnett’s webinar Remittance Transfers Update

First published on 03/08/2020

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