Document background
The Money Transfer Agreement is a critical legal document used in Denmark to formalize the relationship between money transfer service providers and their clients. It is essential when establishing professional money transfer services, whether for one-time transactions or ongoing transfer arrangements. The agreement ensures compliance with Danish financial regulations, including the Payment Services Act and anti-money laundering requirements, while also adhering to relevant EU directives such as PSD2 and GDPR. This document is particularly important in today's digital banking environment, where cross-border transactions and electronic transfers have become increasingly common. The agreement protects both parties by clearly defining service terms, security protocols, compliance obligations, and liability allocation, while maintaining the flexibility to accommodate various transfer scenarios and business relationships.
