Fund Transfer Companies

Fund transfer companies are not financial intermediation entities, foreign currency exchange or financial services companies, but regularly and professionally provide the following services: receiving and sending money orders and fund transfers locally and abroad, regardless of the operating method used (electronic transfers, instructions by telephone, fax, Internet, etc.).

These entities do not require previous authorization to operate but must be listed in the Registry.


In these cases, supervision is primarily aimed at monitoring the entities' prevention systems for money laundering or terrorist financing through supervisory mechanisms and promoting that they manage risk professionally.  

The role of protecting financial users is also performed by responding to inquiries and denouncements. 

See List of Fund transfer companies that are included in the Register of the Superintendency of Financial Services.