# FATF R.14 — Money or value transfer services - **Part of:** [[FATF Recommendations]] Providers of money or value transfer services (MVTS) must be licensed or registered and subject to effective compliance monitoring; countries must identify and sanction unlicensed providers. Agents must be licensed or registered, or the provider must keep a current list of its agents available to authorities, and providers must include their agents in their AML/CFT programmes and monitor them. ## Keyed AMLR articles _none_ ## Swiss counterparts - [[GwV-FINMA Art. 52 - Money and value transfers|GwV-FINMA Art. 52]] — GwV-FINMA Art. 52 sets identification duties for money and value transfers (always for transfers abroad; for incoming transfers above CHF 1,000 or on suspicion); R.14 concerns licensing or registration and monitoring of MVTS providers and their agents. Title 5 entities only. *(related)* ## Authoritative text > [!quote]- FATF Recommendation 14 — text of the Recommendation (FATF Recommendations, updated June 2026); interpretive note not reproduced > **14. Money or value transfer services** > Countries should take measures to ensure that natural or legal persons that provide money or value transfer services (MVTS) are licensed or registered, and subject to effective systems for monitoring and ensuring compliance with the relevant measures called for in the FATF Recommendations. Countries should take action to identify natural or legal persons that carry out MVTS without a license or registration, and to apply appropriate sanctions. > Any natural or legal person working as an agent should also be licensed or registered by a competent authority, or the MVTS provider should maintain a current list of its agents accessible by competent authorities in the countries in which the MVTS provider and its agents operate. Countries should take measures to ensure that MVTS providers that use agents include them in their AML/CFT programmes and monitor them for compliance with these programmes.