4‑13 Additional requirements for applica4‑13 Additional requirements for application for registration as a remittance affiliate of network provider

4‑13 Additional requirements for application for registration as a remittance affiliate of network provider

(1) If the application is for the candidate to be registered as a remittance affiliate of a registered remittance network provider, the application must contain the following information: (a) whether the candidate is to be represented by a super‑agent in its dealings with the network provider; (b) whether the candidate intends for a senior manager of the candidate to approve the registered remittance network provider’s ML/TF risk assessment and AML/CTF policies as mentioned in subsection 26S(4) of the Act. (2) A super‑agent is a person who, in the course of carrying on a business: (a) provides administrative services to a registered remittance network provider to assist with the control or management of the remittance network operated by the provider; and (b) as part of providing those services, represents the interests of remittance affiliates of the provider in their dealings with the provider.