When does the word ‘intermediaries’ end and ‘transactional banks’ begin?

The word 'Intermediaries', as defined in the Financial Transaction Reports Act (FTA) regulations, refers to a person who engages in banking activities for another person or entities, including banks, to enable the other person or entity to make a payment or to issue a loan, and to facilitate transactions in goods and services.Intermediaries may also be referred to as 'banks'

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