Guidance for a Risk-Based Approach : Money or Value Transfer Services Financial Action Task Force (FATF) Money Laundering, Terrorist Financing Money or value transfer services (MVTS) refers to financial services that involve the acceptance of cash, cheques, other monetary instruments or other stores of value and the payment of a corresponding sum in cash or other form to a beneficiary by means of a communication, message, transfer, or through a clearing network to which the MVTS provider belongs. Transactions performed by such services can involve one or more intermediaries and a final payment to a third party, and may include any new payment methods. Sometimes these services have ties to particular geographic regions and are described using a variety of specific terms, including hawala, hundi, and fei-chen. France Financial Action Task Force (FATF) 2016 2016 Text 71p. iffoadatabase.trustafrica.org/iff/Guidance-RBA-money-value-transfer-services.pdf