In this Terms and Conditions the terms below shall have the following definition(s):
A.
"Compliance Officer" means one or more members of staff at BC Remittance LLC. who is
responsible for compliance with Money Transfer Regulations, anti-money laundering
legislation and other applicable laws;
A.
"Compliance Officer" means one or more members of staff at BC Remittance LLC who is
responsible for compliance with Money Transfer Regulations, anti-money laundering
legislation and other applicable laws;
A.
"Compliance Officer" means one or more members of staff at BC Remit and Money
Exchange Services, Inc. who is responsible for compliance with Money Transfer
Regulations, Anti-money laundering legislation and other applicable laws;
A.
"Compliance Officer" means one or more members of staff at BC Remittance Ltd.
who is responsible for compliance with Money Transfer Regulations,
Anti-money laundering legislation and other applicable laws;
B.
"Fees" means the charges and fees we charge to you for using the Service and executing the Transactions,
as applicable, in accordance with the price list published on the Website and/or the Application,
or the prices or rates that we communicate to you before we issue a Confirmation,
or as provided in these Terms and Conditions;
B.
"Fees" means the charges and fees we charge to you for using the Service and executing the Transactions,
as applicable, in accordance with the price list published on the Website and/or the Application,
or the prices or rates that we communicate to you before we issue a Confirmation,
or as provided in these Terms and Conditions;
B.
"Fees" means the charges and fees we charge to you for the Service, as applicable,
in accordance with the price list published on the Website and/or the Application,
or the prices or rates that we communicate to you before we issue a Confirmation,
or as provided in these Terms and Conditions;
B.
"Fees" means the charges and fees we charge to you for the Service, as applicable,
in accordance with the price list published on the Website and/or the Application,
or the prices or rates that we communicate to you before we issue a Confirmation,
or as provided in these Terms and Conditions;
C.
"Force Majeure Event" means any of the circumstances referred to in clause Vll.G;
D.
"FX Spread" is where you pay for a transaction in one currency and it is paid out
in another currency, we apply an FX spread. The FX spread is the difference between
the exchange rate we buy the currency in and the exchange rate we are able to provide
to you and we communicated it in the order confirmation and it covers our costs plus
a small margin.
E.
"Malicious Code" means computer viruses, Trojans, software locks, drop-dead devices, malicious logic or trap door, worms, time bombs, corrupted files or other computer program routines that are intended to delete, disable, deactivate, damage,
detrimentally interfere with, surreptitiously intercept or expropriate any systems, data, personal information or property of another;
F.
"Regulations" means the applicable laws of the Canada with regards to Money Service Businesses (MSB) including, without limitation, Proceeds of Crime
(Money Laundering) and Terrorist Financing Regulations;
F.
"Money Transfer Regulations" means the applicable laws of the United States or of the country
from which funds are transferred or where funds are intended to be received which relate to
electronic transfer services including, without limitation, the Electronic Fund Transfer Act (EFTA) and 12 CFR 1005.
F.
"Money Transfer Regulations" means the applicable laws of the Philippines or of
the country from which funds are transferred or where funds are intended to be
received which relate to electronic money transfer services including, without
limitation, to the Section 80 of R.A. No. 7653 (The New Central Bank Act) and BSP
Circular No. 1039
F.
"Money Transfer Regulations" means the applicable laws of the United Kingdom
or of the country from which funds are transferred or where funds are
intended to be received which relate to electronic money transfer
services including, without limitation, the Financial Services and
Markets Act 2000, the Payment Services Regulations 2017 and the Electronic Money Regulations 2017;
G.
"Prohibited purpose" means any unlawful purpose (whether such illegality arises
in the country from which the funds are transferred or where they are intended
to be received or in any territory with jurisdiction over the Sender or the
Receiver) including, without limitation, the transfer or receipt of payment
for illegal activities, the transfer of funds which constitute proceeds of
crime or money laundering under Proceeds of Crime (Money Laundering) and
Terrorist Financing Act or which are obtained by illegal activity, the
transfer of funds for the purpose of funding illegal activity, the
transfer of funds for the purpose of avoiding the seizure of such
funds by law enforcement authorities or under orders of any court of
law, and any transfer of funds without the permission of their owner;
G.
"Prohibited Purpose" means any unlawful purpose (whether such illegality arises in the country
from which the funds are transferred or where they are intended to be received or in any
territory with jurisdiction over the Sender or the Receiver) including, without limitation,
the transfer or receipt of payment for illegal activities, the transfer of funds for the
purpose of funding illegal activity, the transfer of funds which constitute the proceeds
of crime or money laundering or which are obtained by illegal activity, the transfer of
funds for the purpose of avoiding the seizure of such funds by law enforcement authorities
or under orders of any court of law, any transfer of funds without the permission of their owner.
G.
"Prohibited purpose" means any unlawful purpose (whether such illegality arises in
the country from which the funds are transferred or where they are intended to be
received or in any territory with jurisdiction over the Sender or the Receiver)
including, without limitation, the transfer or receipt of payment for illegal activities,
the transfer of funds which constitute proceeds of crime or money laundering under the
Anti-Money Laundering Act (AMLA) 2001 or which are obtained by illegal activity,
the transfer of funds for the purpose of funding illegal activity, the transfer of
funds for the purpose of avoiding the seizure of such funds by law enforcement
authorities or under orders of any court of law, and any transfer of funds without
the permission of their owner;
G.
"Prohibited purpose" means any unlawful purpose (whether such illegality arises in
the country from which the funds are transferred or where they are intended
to be received or in any territory with jurisdiction over the Sender or the Receiver)
including, without limitation, the transfer or receipt of payment for illegal activities,
the transfer of funds which constitute proceeds of crime or money laundering under the
Proceeds of Crime Act 2002 or which are obtained by illegal activity, the transfer of
funds for the purpose of funding illegal activity, the transfer of funds for the purpose
of avoiding the seizure of such funds by law enforcernent authorities or under orders of
any court of law, and any transfer of funds without the permission of their owner;
H.
"Recipient" means the person who receives money through a Transaction made using the Service,
I.
"Reference number" means the unique transaction number, which will be issued to you as and which the recipient will be required to provide to our partners in order to receive the amount transferred,
J.
"Sender" means the person who initiates the carrying out of a money transfer through the Service,
K.
"Transaction" means every money transfer that you order or initiate using the Service and/or every other use that you make of the Service,
L.
"United States" or "US" means the United States of America
L.
"United States" or "US" means the United States of America
L.
"Website" means the website bcremit.com operated by BCRemit to provide online money
transfer services and the related information.
L.
"Website" means the website bcremit.com operated by BCRemit to provide online money
transfer services and the related information.