Posted on: March 5, 2013
The all-encompassing Dodd–Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) has required remittance transfer providers to provide customers with disclosure of information. These new requirements include
Before the customer makes any payment to the remittance provider, the provider is required to disclose the following:
After the customer makes the payment, the remittance provider is required to provide receipt containing, among others, the following information:
In addition, the customer has the right to cancel the transfer within 30 minutes.
To provide better service to its customers, BNI has already implemented this disclosure requirement to its customers starting February 7, 2013.
Bank Negara Indonesia (Persero) Tbk. New York Agency
One Exchange Plaza, 55 Broadway, 5th Floor New York, NY, 10006
Phone: (212)943-4750 Ext. 601 Email: firstname.lastname@example.org