Foreign payment service provider conducting transfers in favor of unauthorized recipients – definition and meaning of "Foreign payment service provider conducting transfers in favor of unauthorized recipients"

A foreign payment service provider conducting transfers in favor of unauthorized recipients — a foreign payment service provider providing services for receiving payments from unauthorized recipients, transferring funds, including electronic money, by performing operations using electronic means of payment at the request of residents to unauthorized recipients¹.

Federal Law No. 161-FZ dated June 27, 2011 "On the National Payment System", as amended on September 1, 2028, Article 7.1, paragraph 15.1 // RSZ RF. 2011. No. 27. Art. 3872. ↩