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Scope of practice involves
Intermediary Bank
A financial institution that acts as a middleman between a payer's and a payee's banks, especially in international wire transfers.
Check Collection
The process of a bank or other financial institution obtaining the funds promised in a check from the check writer's bank.
Transferred
The act of moving or being moved from one place, position, person, or organization to another.
Gramm-Leach-Bliley Act
A U.S. federal law that requires financial institutions to explain how they share and protect their customers' private information, aiming to safeguard consumer financial privacy.
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