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What is Money Transfer and Remittance Operations about?

This document outlines the money flow and journal entries for a hawala broker business. Key points: 1) Money can be transferred through third party money exchangers or whole sellers, with cash/credits recorded and income/receivables adjusted. 2) For walk-in customers, cash is initially recorded as a customer liability until funds are sent to their account via a whole seller. 3) Owned stations record exchanges at negotiated rates, with gains/losses adjusted when rates change. Deposits and withdrawals be

Author

mrhanif_zn

Language

EN