### Question
Can you define what money transmitting business means?


### Answer
**Money transmitting business** is defined as the following in *31 U.S.C. § 5330*:

> any business other than the United States Postal Service which—


(A) provides check cashing, currency exchange, or money transmitting or remittance services, or issues or redeems money orders, travelers’ checks, and other similar instruments

#### Citation:
  - *31 U.S.C. § 5330*
  - Heading: **SUBTITLE IV-MONEY > CHAPTER 53-MONETARY TRANSACTIONS > SUBCHAPTER II-RECORDS AND REPORTS ON MONETARY INSTRUMENTS TRANSACTIONS**

