I heard that there are new rules about international money transfers. Who is protected by them?

Description

I heard that there are new rules about international money transfers. Who is protected by them?

Generally, the rules on international money transfers protect consumers in the United States who use a remittance transfer provider to transfer $15 or more to a person or company in another country.

This includes many types of transfers, including cash transfers made by money transfer companies and wire transfers sent to accounts abroad by banks, credit unions, or other financial services companies.